Weekly Structure - Uptrend
Daily Structure - Uptrend
After gold achieve 1.689,00 we have seen a small correction this tuesday 25th February. The price moved lower creating a small downtrend. If we go to small time frames (15 minutes) we saw that it create a support around 1.633 and have now been broken and re-tested and the last 4 candles on this time frame the price didn't close above 1.635,50. We may continue to see this correction moving lower until 1.560 (the price near the weekly support and resistance zone).
TP1 - 1.612,00
TP2 - 1.560,00
SL - 1.655.41
Daily Structure - Uptrend
After gold achieve 1.689,00 we have seen a small correction this tuesday 25th February. The price moved lower creating a small downtrend. If we go to small time frames (15 minutes) we saw that it create a support around 1.633 and have now been broken and re-tested and the last 4 candles on this time frame the price didn't close above 1.635,50. We may continue to see this correction moving lower until 1.560 (the price near the weekly support and resistance zone).
TP1 - 1.612,00
TP2 - 1.560,00
SL - 1.655.41
Note
Trade Closed - Stop Loss HittedNote
Loss 21 Pips
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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.