Interesting day on Gold today, it played out as we suggested in our 4H analysis on Sunday. We’re at the level where we want to target the higher price points, we have an Excalibur target around the 1792-95 level.
If this is a H&S in the making on the hourly then this is likely to pullback further towards the 1750 level which could now act as a support being a previous resistance.
This would make sense to us. We’ll wait until the morning to decide how we’re going to play the trade.
Support:
1760
1755
1750
Resistance:
1774/5
1781
1793
As always, trade safe.
Trade closed: target reached
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🔴 TWITTER: twitter.com/knightsofgold2
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🟡 Disclaimer: Not financial advice. For educational purposes only.
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.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
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.