Gold Medium-Term Idea
Updated
If the triangle breaks below 1400, expect a decline to 1350-1320.
1350-1320 is a zone of high demand, where you need to look for buy orders (market or limit).
Risk below the demand zone.
Next positional area at the bend of the previous trend (1300-1270).
Short orders only on the false breakdown of a triangle.
Everyone wants to sell, and I want to buy.
1350-1320 is a zone of high demand, where you need to look for buy orders (market or limit).
Risk below the demand zone.
Next positional area at the bend of the previous trend (1300-1270).
Short orders only on the false breakdown of a triangle.
Everyone wants to sell, and I want to buy.
Comment
If the price stops below 1429, I’ll open a short against the trend. Need consolidation below the level for 6-8 hours to open short.
All long scenarios are relevant.
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