After the nice downtrend that we watched I believe it's time to also watch a nice recuperation of the Gold.
The price it's already hit the PRZ and tested it too, and honestly, I would say it's time to get long here, but we just have to wait for one more bar to trade confidently this opportunity.
1. Harmonic Pattern Completion - Done
2. PRZ Hit - Done;
3. PRZ Test - Done;
3. Terminal Bar - Done;
4. Candlestick Reversal Sign - Done;
5. Candlestick Confirmation Sign -Done;
6. RSI Reversal Sign -Done;
7. RSI Confirmation Sign - Done;
8. Type-1 Reaction - Done;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
The price it's already hit the PRZ and tested it too, and honestly, I would say it's time to get long here, but we just have to wait for one more bar to trade confidently this opportunity.
1. Harmonic Pattern Completion - Done
2. PRZ Hit - Done;
3. PRZ Test - Done;
3. Terminal Bar - Done;
4. Candlestick Reversal Sign - Done;
5. Candlestick Confirmation Sign -Done;
6. RSI Reversal Sign -Done;
7. RSI Confirmation Sign - Done;
8. Type-1 Reaction - Done;
9. Type-2 Reversal - Waiting;
10. Risk Management - Applied;
11. Risk / Reward - 1/3.
Note
Whoever is trading it, et out now!
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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.