gold weekly is in a uptrend we are looking for buys after creating new highs and lower highs. Gold was failling to break up past this area and after mulitiple rejections on the 30 min time frame so we then knew gold would pull down to an area and we would buy.
1850 is a strong key area on gold and we also have multiple rejections in the 1850 area, so we waited for price to pull down and we got in at 1850.89 with 15 pip stops and risking 1%
we targeted the recent daily highs where price was being rejected off .
1850 is a strong key area on gold and we also have multiple rejections in the 1850 area, so we waited for price to pull down and we got in at 1850.89 with 15 pip stops and risking 1%
we targeted the recent daily highs where price was being rejected off .
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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.