Gold making ATH before retracing last week.
Here are the levels I'll be watching in the coming week.
I'll look at taking a buy if gold gets to 2776 expecting it to meet resistance on the way to 2800.
2778 and 2784 will be strong levels to break on the way up.
On the sell side ill look at entering at 2766, expecting 2750 as first major support.
Trades entries based on higher time frame and support and resistance backed up with Fibonacci levels.
Check out my other gold swing trade idea i just posted for the more experienced traders.
Ill update this as the week goes on.
Here are the levels I'll be watching in the coming week.
I'll look at taking a buy if gold gets to 2776 expecting it to meet resistance on the way to 2800.
2778 and 2784 will be strong levels to break on the way up.
On the sell side ill look at entering at 2766, expecting 2750 as first major support.
Trades entries based on higher time frame and support and resistance backed up with Fibonacci levels.
Check out my other gold swing trade idea i just posted for the more experienced traders.
Ill update this as the week goes on.
Trade active
Sell level ran 180 pips , Gold has gone bullish i do think 2800 will be reached today my entry would be 2776 as per chart expecting 2880 firstTrade closed: target reached
Another one smashed 2776 entry gold reached new ATH of 2816 400 pips profit new chart on the way
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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.