GOLD LONG
TRADE:
ENTRY: 1465 OR 1439 (PRIMARY OR SECONDARY SUPPORT)
SL: 1420
TP1: 1599
TP2: 1648
Overall trend is LONG. I have used Fibonacci sequence to find my key levels from various ABCD moves. I believe that Gold will come to either the Primary or Secondary Support levels as labelled, and reject to continue the uptrend. Which level it rejects I am unsure of at this current time, so I will be looking for candlestick patterns when it approaches each level to gather whether a rejection is likely.
Happy trading!
JJ
ENTRY: 1465 OR 1439 (PRIMARY OR SECONDARY SUPPORT)
SL: 1420
TP1: 1599
TP2: 1648
Overall trend is LONG. I have used Fibonacci sequence to find my key levels from various ABCD moves. I believe that Gold will come to either the Primary or Secondary Support levels as labelled, and reject to continue the uptrend. Which level it rejects I am unsure of at this current time, so I will be looking for candlestick patterns when it approaches each level to gather whether a rejection is likely.
Happy trading!
JJ
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.