GOLD: Long on daily break
Good morning trader, today I want to report a Long entry on gold which I just entered following the break of yesterday's daily high.
My analysis starts from the weekly timeframe which sees a positive trend from November 2022.
On the daily timeframe my LuBot indicator shows the start of the positive trend since October 18th and today it shows a double Long FT signal in favor of the underlying structure after a price retracement on the trendCloud.
Supplementary indicators show a positive underlying trend and EVE is in the starting zone.
The target area for this short trade is around 2000 points.
If today's candle closes above yesterday's high I will move the stop loss just below the last low.
TAGS:
XAUUSD XAUUSD XAUUSD 
SILVER
My analysis starts from the weekly timeframe which sees a positive trend from November 2022.
On the daily timeframe my LuBot indicator shows the start of the positive trend since October 18th and today it shows a double Long FT signal in favor of the underlying structure after a price retracement on the trendCloud.
Supplementary indicators show a positive underlying trend and EVE is in the starting zone.
The target area for this short trade is around 2000 points.
If today's candle closes above yesterday's high I will move the stop loss just below the last low.
TAGS:
XAUUSD XAUUSD XAUUSD SILVER 
LuTrader Garage : linktr.ee/LuTraderGarage
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