Gold looking for 2000 again
Gold in 4hr chart, as we can see first it close very well descending channel in downtrend and not it retracing in uptrend with ascending channel, also on Thursday we seen very good price action followed by gold retraced from 1987 to 1965. Now I'm looking for long again in gold from bottom of the parallel channel price 1967-69 for target of 2000.
Trade setup - Bias Bullish
Pullback buy above 1967
Safe buy @ 1976
Sell on breakout 1963
safe sell below 1957
Trade setup - Bias Bullish
Pullback buy above 1967
Safe buy @ 1976
Sell on breakout 1963
safe sell below 1957
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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.