The Gold on H4 Possible next move,
On 4H timefirame the Gold is still bullish but to validate the trend must respect the 2955-50 zone.
This is the outlook for next weekend; we will wait for the levels to be traded.
1. Put a sell order if gold breaks the 2978 zone with strong momentum and make sure that the real breakout happened.
2. Put buy at the 2955-50 zone with proper confirmations. If the price tests the 2955-50 zone and you will identify any pullback indications and some strong price rejections in M30 and H1, then put a buy order with a proper stop loss.
*Note*
*Here is the possible trades after the confirmations*
Gold Selling Zone: 2978-77
Stop loss: 2983
Take Profit: 2955
*Gold Buying Zone: 2955-50*
Stop Loss: 2945
Take Profit: 2990-3000
*Please read the information and possible directions listed above.*
On 4H timefirame the Gold is still bullish but to validate the trend must respect the 2955-50 zone.
This is the outlook for next weekend; we will wait for the levels to be traded.
1. Put a sell order if gold breaks the 2978 zone with strong momentum and make sure that the real breakout happened.
2. Put buy at the 2955-50 zone with proper confirmations. If the price tests the 2955-50 zone and you will identify any pullback indications and some strong price rejections in M30 and H1, then put a buy order with a proper stop loss.
*Note*
*Here is the possible trades after the confirmations*
Gold Selling Zone: 2978-77
Stop loss: 2983
Take Profit: 2955
*Gold Buying Zone: 2955-50*
Stop Loss: 2945
Take Profit: 2990-3000
*Please read the information and possible directions listed above.*
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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.