Gold moves below the daily pivot for today, and forms a triangle pattern after the break down on Friday. If the price does not break up the daily pivot then the chance is to continue down to the first daily support
Daily pivot:
R4 1258.91
R3 1239.46
R2 1220.01
R1 1209.53
Pivot 1200.56
S1 1190.08
S2 1181.11
S3 1161.66
S4 1142.21
Option :
-Open short positions if the price does not break up daily pivots
-TP at the first daily support
-SL pivot daily or previous swing high
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Daily pivot:
R4 1258.91
R3 1239.46
R2 1220.01
R1 1209.53
Pivot 1200.56
S1 1190.08
S2 1181.11
S3 1161.66
S4 1142.21
Option :
-Open short positions if the price does not break up daily pivots
-TP at the first daily support
-SL pivot daily or previous swing high
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Related publications
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.
Related publications
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.