GOLD LONG SET UP
Hi Everyone,
Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels.
We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the resistance zone in green which is now acting as a big support.
Let me know where you guys agree or disagree on this idea and also let me know where you guys think gold is heading for the next days.
Cheers everyone!!!!!
Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels.
We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the resistance zone in green which is now acting as a big support.
Let me know where you guys agree or disagree on this idea and also let me know where you guys think gold is heading for the next days.
Cheers everyone!!!!!
Note
TP 1 reachedTrade closed: target reached
And TP2 aka final target reached
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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.
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.