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LONG GOLD
CFDs on Gold (US$ / OZ)
Long
LONG GOLD
By pecpec
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Updated
May 19, 2018
6
Cheer
Cheer
May 1, 2018
Pros
Lateral on daily timeframe.
Bullish on longterm.
Cons
Countrend on hourly timeframe.
The strength of the dollar is bad for the commodities.
Strategy
The gold is on a lateral channel. Long at the bottom and short at the top.
RSI divergences on hourly timeframe.
The candle could be a hammer on the support zone.
Close a half at the middle of the channel, and the other half at the top.
May 19, 2018
Trade closed: stop reached
Gold
lateralchannel
LONG
Parallel Channel
Support and Resistance
pecpec
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