Gold has been in a consolidation ever since the release NFP. However, with a keen look, the price has been forming HH and HL away from the demand zone which also has a inverted head and shoulder in place. This is a sign that buyers are ready to take price higher thus our opportunity to go bullish. If this move sustains, we may see the price stay inside the channel for a while untill the touch of 1850.
Note
Good run on Gold from our entry pricePro tip: watch the market, interpret the price, Finally take action. Gold is raining pips
Trade closed: target reached
Close trades, gold hit our projected targets
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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.