GOLD HAS A GOOD BUY SETUP
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REASONS TO GO LONG ON GOLD:
GOOD SUPPORT ESTABLISHED ABOVE KEY R/S LEVEL @1740/50
BULLISH RALLYING SPOTTED ON H1/H4 AS RIGHT SHOULDER OF A HEAD-AND-SHOULDERS PATTERN
THERE IS INEFFICIENCY TO MITIGATE AROUND @1810-1830
MARKET COULD GET LESS OPTIMISTIC IN THE COMING DAYS OR THAT USD WEAKENS
NB: We're approaching the end of the year and this precious metal can get very volatile. So, manage your risk properly.
Also, the R:R of this setup is 1:4, which is very good.
Kindly drop your comment in the section below. Let me know what you think. Thank you.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
REASONS TO GO LONG ON GOLD:
GOOD SUPPORT ESTABLISHED ABOVE KEY R/S LEVEL @1740/50
BULLISH RALLYING SPOTTED ON H1/H4 AS RIGHT SHOULDER OF A HEAD-AND-SHOULDERS PATTERN
THERE IS INEFFICIENCY TO MITIGATE AROUND @1810-1830
MARKET COULD GET LESS OPTIMISTIC IN THE COMING DAYS OR THAT USD WEAKENS
NB: We're approaching the end of the year and this precious metal can get very volatile. So, manage your risk properly.
Also, the R:R of this setup is 1:4, which is very good.
Kindly drop your comment in the section below. Let me know what you think. Thank you.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
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.
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.