Beginners view for gold this month of October.
Updated
Testing my beginners luck with a bullish view of gold next week. My reasons for 1160 retest is the incoming rate hike at the end of the month and rising US yields, but my bullish view stems from DXY on a winning streak and gold is still on a bullish trend.
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I have been only taking TA seriously for 2 months..
I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA.
DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your own as I have been only taking TA seriously for 2 months..
Note
We recently just broke out of the bearish trend line (red) a couple of weeks ago, keep an eye of a possible break out of the bullish trend line (green) if it fails from 1208-1209.tradingview.com/chart/ehMBPvn7/
Note
Trade closed: target reached
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