Long
GOLD-Spot: Bullish Fakey Setup |23-3-22
GOLD – SPOT: Potential Multi-Bar Bullish Fakey Setup
Price Action: Price formed a potential Multi-Bar Bullish Fakey Setup, overnight.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, mid-last week
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current potential Multi-Bar Bullish Fakey Setup, with risk management below the Fakey Bar.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a price action signal on a daily, 4 hourly, or 1 hourly chart, at or just above the $1853 – $1877 short-term support area.
Price Action: Price formed a potential Multi-Bar Bullish Fakey Setup, overnight.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, mid-last week
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current potential Multi-Bar Bullish Fakey Setup, with risk management below the Fakey Bar.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a price action signal on a daily, 4 hourly, or 1 hourly chart, at or just above the $1853 – $1877 short-term support area.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.