New Plan on Gold
Looking for Gold to do something like this... So, a short "long", into a nice short, into good long-term upside potential ! We are retesting this previous level now. Expect to see it hold and bounce, as there is also a short-term trend converging here... Back up to test top of channel, 100 day SMA and resistance... (This could be forming a bear flag as well, which would further support this theory and the next move ->) Then back down to bottom of channel, at which point we will converge with 200 day SMA and support @ 1425... Then long from there ! Expecting this to be the move up outta the bull flag so, should have great, long-term upside potential !
Note
Trade closed: target reached
The first tiny long on this one has pretty much been completed !Trade active
Flipping short !
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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.