GOLD is currently approaching a strong rejection zone in blue 1800-1900 so we will be looking for objective sell setups on lower timeframes.
Keeping in mind that price can still dive in inside our zone before going downward.
On H4: price is currently trading inside our red symmetrical triangle.
scenario 1: waiting for price to break below our lower red trendline objectively to sell (trend-reversal)
scenario 2: waiting for price to break above our upper red trendline objectively to buy (trend-following)
Keeping in mind that price can still dive in inside our zone before going downward.
On H4: price is currently trading inside our red symmetrical triangle.
scenario 1: waiting for price to break below our lower red trendline objectively to sell (trend-reversal)
scenario 2: waiting for price to break above our upper red trendline objectively to buy (trend-following)
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RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.