GOLD FRACTAL FROM 10Y AGO
GOLD has a big change to repeat the fractal it had 10 years ago when it made a new all-time high followed by a big correction move.
It can take a few monts ofcourse but the long term bias is very bearish.
About this trade:
4H supply zone
Imbalances on the 1min that need to get mitigated
Fib 61.8%
Possible 3rd touch trendline
Strucuture level retest
Price expected to move towards strong demand zone 1730
Entry: 1781
SL: 1785
TP: 1727
It can take a few monts ofcourse but the long term bias is very bearish.
About this trade:
4H supply zone
Imbalances on the 1min that need to get mitigated
Fib 61.8%
Possible 3rd touch trendline
Strucuture level retest
Price expected to move towards strong demand zone 1730
Entry: 1781
SL: 1785
TP: 1727
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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.