Gold h4 breakout signal
Updated
It should be noted that the middle band of the Bollinger on four-hour (4H) joins the 50-DMA to highlight $1,930-31 as an extra filter towards the north.
In the same way, the 200-DMA joins the Pivot Point one-week S1 and Fibonacci 23.6% on one-day to signal $1,918 as immediate support.
It’s worth observing that the Fibonacci 38.2% on one-week and 161.8% on one-day also acts as an upside filter near $1,938 before directing the Gold buyers toward the $1,950 hurdle.
Gold buy 1918-1915
Target 1926
Target 1950
In the same way, the 200-DMA joins the Pivot Point one-week S1 and Fibonacci 23.6% on one-day to signal $1,918 as immediate support.
It’s worth observing that the Fibonacci 38.2% on one-week and 161.8% on one-day also acts as an upside filter near $1,938 before directing the Gold buyers toward the $1,950 hurdle.
Gold buy 1918-1915
Target 1926
Target 1950
Note
Running 20 pipsNote
Keep holdNote
Gold buyNote
Hold onNote
Focus on buyNote
30 pips running keep half lot openNote
Close half lot move sl to entry pointNote
40 pips runningNote
Keep holdNote
Market hit 1923 that's was 50 pipsNote
Hold buy tradesNote
This is confirmedNote
80 pips done ✅Note
First target hit 1926Note
90 pips running keep hold
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.