GOLD DAILY 08/29/2018
Updated
Prices have moved below the daily pivot but are still stuck and there is still a chance to continue the channel formed.
First Option:
-Open a Buy position if the price moves up again above the pivot.
-TP 1 at the first daily resistance
-TP 2 at the second daily resistance
-SL can be placed below the pivot or at the last low ($ 1199 / oz)
-Wait for confirmation to open a position
Second Option:
-Open a Sell position if the price breaks low and exits the channel ($ 1195 / oz)
-TP is the second daily support
-SL can be placed above the first daily support or some points in it
-Wait for confirmation to open a position
First Option:
-Open a Buy position if the price moves up again above the pivot.
-TP 1 at the first daily resistance
-TP 2 at the second daily resistance
-SL can be placed below the pivot or at the last low ($ 1199 / oz)
-Wait for confirmation to open a position
Second Option:
-Open a Sell position if the price breaks low and exits the channel ($ 1195 / oz)
-TP is the second daily support
-SL can be placed above the first daily support or some points in it
-Wait for confirmation to open a position
Trade closed: target reached
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