Gold is trading inside a Channel Up since the strong rebound on the MA200 (1w).
The MA100 (1h) has been basically supporting since its beginning and even though Resistance (1) broke, the sideways trading on the RSI (1h) hits to a possible short term pull back.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1920 (MA100 1h and bottom of Channel Up).
Tips:
1. The RSI (1h) is inside a Triangle pattern. The direction to which that breaks, can be an indication of the next trend on the 4h time frame.
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Notes:
Past trading plan:
The MA100 (1h) has been basically supporting since its beginning and even though Resistance (1) broke, the sideways trading on the RSI (1h) hits to a possible short term pull back.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 1920 (MA100 1h and bottom of Channel Up).
Tips:
1. The RSI (1h) is inside a Triangle pattern. The direction to which that breaks, can be an indication of the next trend on the 4h time frame.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.