Gold - Intraday - We look to Buy a break
Prices have reacted from 1898. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for sentiment and the uptrend has potential to return. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1907, which will confirm the bullish sentiment.
Our profit target is $1932
Resistance: 1927 / 1992 / 2075
Support: 1837 / 1763 / 1690
Prices have reacted from 1898. Posted a Bullish Hammer Bottom on the 1 hour chart. This is positive for sentiment and the uptrend has potential to return. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 1907, which will confirm the bullish sentiment.
Our profit target is $1932
Resistance: 1927 / 1992 / 2075
Support: 1837 / 1763 / 1690
Trade closed: target reached
Profit taken at $1910.
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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.
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.