Gold Counter for a bullish pullback
Updated
I am expecting a pullback to last week high 1956
We have a bullish wide RSI divergence, with a stochastic RSI crossover while price at a monthly resistance area and daily 100EMA acting as dynamic support.
We also have a lower low already formed to continue the down trend this week we need a lower high which will be formed by attacking any of the resistance above all the way to last week high
This will be a countertrade so I am using 25% of my usually lot size. Risky trade.
We have a bullish wide RSI divergence, with a stochastic RSI crossover while price at a monthly resistance area and daily 100EMA acting as dynamic support.
We also have a lower low already formed to continue the down trend this week we need a lower high which will be formed by attacking any of the resistance above all the way to last week high
This will be a countertrade so I am using 25% of my usually lot size. Risky trade.
Note
Just update the price action from the charts. CheersNote
Just update price action to see TPs being hit on the way
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.