Hi all,
Here we have the GOLD on a 1D timeframe, we have a double bottom and it's broken past the neckline and waiting for a re-test of the neck line for a bullish move (already had a strong price rejection with one long wick - good sign).
I have put a Conservative SL at the previous low and a TP at a high, although you can adjust price targets to suite yourself.
* This is not financial advice, this is for education purposes and all feedback is welcomed *
Good luck and trade safe
L
Here we have the GOLD on a 1D timeframe, we have a double bottom and it's broken past the neckline and waiting for a re-test of the neck line for a bullish move (already had a strong price rejection with one long wick - good sign).
I have put a Conservative SL at the previous low and a TP at a high, although you can adjust price targets to suite yourself.
* This is not financial advice, this is for education purposes and all feedback is welcomed *
Good luck and trade safe
L
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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.