Bullish setup of Gold on 1H(approaching zone soon!)
Updated
My trading idea is based on daily chart. From the weekly perspective, the price is in the middle that tells us to do nothing. So, it's a short swing trade!
So in a nutshell, It's daily + Trend + price action.
So in a nutshell, It's daily + Trend + price action.
Order cancelled
As I said, price broke the downtrend line, and formed a very choppy zone. I marked the yellow zone for entry. I would be only 1 to 1, so no big profit. Actually, I'm looking back. I didn't pay close attention to gold. Recently, the price was mainly influenced by pair trading of silver which now is very likely to fall after a drastic surge to 8-year high.
plan your trade and trade your plan
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