GOLD:1H analysis
Hi
I hope you have made money from the previous analysis.
Gold is in a very good position to enter.
As you can see, gold has formed a downward trend line above the price in the 1H period. And several times the rejection from this area shows the validity of this trendline. In case of rejection again, we can expect gold to move towards lower supports.
tp1: 1922
tp2: 1913
tp3: 1904
* And in case of a strong crossing of the trendline, the price will go to higher levels and this analysis is invalid.
I hope you have made money from the previous analysis.
Gold is in a very good position to enter.
As you can see, gold has formed a downward trend line above the price in the 1H period. And several times the rejection from this area shows the validity of this trendline. In case of rejection again, we can expect gold to move towards lower supports.
tp1: 1922
tp2: 1913
tp3: 1904
* And in case of a strong crossing of the trendline, the price will go to higher levels and this analysis is invalid.
Trade active
TP1 & TP2 hit! and +160pips until now!
Enjoy!!
Trade closed: target reached
It moved beautifully.
✅ TP3 hit! +240 pips profit.
All positions closed.
enjoy!!!!🥳
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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.