GOLD - TRADERS WHO USE TRENDLINE, WHERE YOU GUYS AT?
Updated
BUY POSITION ON GOLD
I have seen this setup with the help of RSI, Trendline, and as well as Multi-TF Analysis.
We have seen the price has bounced off on 1730 key support level yesterday and we took advantage of the bounce play in which we've made 100+ pips.
I have put the SL just below the trendline in case price makes a u-turn.
This is a quick play since my overall bias with gold is still bearish. TP on the retest of our 200EMA (our indicator for long term trend)
1.21RR
I have seen this setup with the help of RSI, Trendline, and as well as Multi-TF Analysis.
We have seen the price has bounced off on 1730 key support level yesterday and we took advantage of the bounce play in which we've made 100+ pips.
I have put the SL just below the trendline in case price makes a u-turn.
This is a quick play since my overall bias with gold is still bearish. TP on the retest of our 200EMA (our indicator for long term trend)
1.21RR
Trade closed: target reached
TP Hit!
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