Accumulation on Gold.... Last Chance to Load for 1560
Updated
I have been tracking this for a while and it has been an all out war...
Good thing is the trend is your friend and we are in a heavy bullish trend...
Bears are running out of steam as we are in an ascending triangle aiming right at the 1507 area resistance
I took a long based on the break of the trendline around 1500 and got an entry on the retrace around 1502 with stops under 1497.
Will add more on bounces of the upward trendline.
Will have full confirmation of the break of 1507 and will take last longs there. TP1 at 1525 and let the rest run.
Happy Hunting Happy Trapping
BooBii
Make sure to like... comment ... and subscribe
Any questions feel free to ask...
For what I don't know... I just don't know...
But what I do know I'll gladly share...
Good thing is the trend is your friend and we are in a heavy bullish trend...
Bears are running out of steam as we are in an ascending triangle aiming right at the 1507 area resistance
I took a long based on the break of the trendline around 1500 and got an entry on the retrace around 1502 with stops under 1497.
Will add more on bounces of the upward trendline.
Will have full confirmation of the break of 1507 and will take last longs there. TP1 at 1525 and let the rest run.
Happy Hunting Happy Trapping
BooBii
Make sure to like... comment ... and subscribe
Any questions feel free to ask...
For what I don't know... I just don't know...
But what I do know I'll gladly share...
Note
Fed News in 30 minutes... taking a litte profit here .. and got another entry around 1505 for the news trade.... looking for price to go to the upsideNote
Forgot to mention stops under 1497Be Safe out there
Note
What a bummer on Gold... Better area of support... Range is still 1480- 1560...
ALready in at 1489 with stops under the range....
Related publications
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.