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CFDs on Gold (US$ / OZ)
Long
Updated

LONG GOLD

325
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.
Trade closed: stop reached
pecpec
GoldlateralchannelLONGParallel ChannelSupport and Resistance

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.
GoldlateralchannelLONGParallel ChannelSupport and Resistance
pecpec

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.