Hello traders what do you think about GOLD? My setups for this week (14th-18th Aug) first Long setup entry1 1910 entry2 1907 si 1905 tp1 1925 tp2 1932 CONFIRMATION 1) weekly candle low 2) trendline touch + keylevel (monthly) 3) double bottom formation (in future) 4) market sentiment is bullish (80% client retail clients) 5) weekly strong support.
Second Long setup entry 1920 si 1915 tp1 1925 tp2 1932 CONFIRMATION 1) daily candle high break 2) weekly strong support 3) key level touch ( yearly,quaterly,monthly) 4) double bottom formation (in future) 5) market sentiment is bullish (80% client retail clients)
Third Short setup entry 1932 si 1936 tp1 1925 tp2 1920 CONFIRMATION 1) third tap of trendline on 1h 2h 4h 2) on a HTF(weekly) market is bearish 3) double top formation 4) key level touch (monthly) 5) strong resistance area around 1932.
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.