Gold - buy on 4H - how to trade
Updated
Dear traders and followers,
the Gold price moves within a triangle pattern and confirmed last week a higher low.
Next week is the 1970 - 1980 $ area important for further price movement.
A failed breakout above 1970 $ confirms a lower high which is bearish sell signal.
Open short as soon the price doesn't break and close above 1980 $ within 24 hours when price reach first time this area next week.
A break and close above 1980 $ is a bullish buy signal with take profit at the end of the week near 2050 $
MACD indicator sell volume is near 0 line and looks like turning into buy volume. Expect up movement at the beginning of the new week.
The baselines are near bullish crossing which is another MACD buy signal.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Thanks for your support !
the Gold price moves within a triangle pattern and confirmed last week a higher low.
Next week is the 1970 - 1980 $ area important for further price movement.
A failed breakout above 1970 $ confirms a lower high which is bearish sell signal.
Open short as soon the price doesn't break and close above 1980 $ within 24 hours when price reach first time this area next week.
A break and close above 1980 $ is a bullish buy signal with take profit at the end of the week near 2050 $
MACD indicator sell volume is near 0 line and looks like turning into buy volume. Expect up movement at the beginning of the new week.
The baselines are near bullish crossing which is another MACD buy signal.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Thanks for your support !
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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