The market turning point next week is the price area of 1768
Case 1: If the price area is broken 1768 and there is a confirmation candle, Gold continues to rise to the resistance area of 1811
Case 2: If the market does not break the 1768 area and there is a confirmation candle, Gold will have a downward correction to the 1741 area before increasing again to the 1768 area.
Conclusion:
Wait for a confirmation signal before deciding to enter the market.
Option 1: Buy stop 1771 TP 1807 SL 1761
Option 2: Buy; 1 1754, Buy 2; 1742, Sl 1737, TP1; 1768, TP2 1791
Case 1: If the price area is broken 1768 and there is a confirmation candle, Gold continues to rise to the resistance area of 1811
Case 2: If the market does not break the 1768 area and there is a confirmation candle, Gold will have a downward correction to the 1741 area before increasing again to the 1768 area.
Conclusion:
Wait for a confirmation signal before deciding to enter the market.
Option 1: Buy stop 1771 TP 1807 SL 1761
Option 2: Buy; 1 1754, Buy 2; 1742, Sl 1737, TP1; 1768, TP2 1791
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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.