Gold - Intraday - We look to Buy a break of 1822.5 (stop at 1809.8)
50 4-hour EMA is at 1816.6.
A bullish reverse Head and Shoulders is forming.
Previous support, now becomes resistance at 1850.
Bias is mildly bullish today but we need to see a break of 1820 to confirm the upward pressure.
Our profit targets will be 1858.8 and 1874.2
Resistance: 1820.0 / 1840.0 / 1850.0
Support: 1800.0 / 1780.0 / 1764.6
50 4-hour EMA is at 1816.6.
A bullish reverse Head and Shoulders is forming.
Previous support, now becomes resistance at 1850.
Bias is mildly bullish today but we need to see a break of 1820 to confirm the upward pressure.
Our profit targets will be 1858.8 and 1874.2
Resistance: 1820.0 / 1840.0 / 1850.0
Support: 1800.0 / 1780.0 / 1764.6
Trade active
Trade closed: target reached
Trade closed at slight profit at 1838
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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.
Related publications
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.