Gold Bottom Out Long
Structure: Uptrend
Moving Average: Uptrend
Trendline: Breakout of Downtrend Line
Pattern: Ascending Triangle
Trigger: Closed above 1482-1486 multiple resistance area
Resistance: 1500, 1515
Support: 1480 - 1486
Gold finally broke up month long resistance
Go long around 1480-1484, wait for retracement to the Resistance turn Support area
SL: 1465 or closed below 4H 200 MA
1st Target: 1515
2nd Target: 1530
Moving Average: Uptrend
Trendline: Breakout of Downtrend Line
Pattern: Ascending Triangle
Trigger: Closed above 1482-1486 multiple resistance area
Resistance: 1500, 1515
Support: 1480 - 1486
Gold finally broke up month long resistance
Go long around 1480-1484, wait for retracement to the Resistance turn Support area
SL: 1465 or closed below 4H 200 MA
1st Target: 1515
2nd Target: 1530
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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.