Get started
Gold Spot / U.S. Dollar
Long

Small bear retrace before further bull move

By dmacfx
Updated
Price respected lower trend line of channel and 1.5 extension. Expect bull move to top of channel and extending to 1520.71 (50%). Look for long entry around 1456.95
Comment
eyeballing short scalp 1469.75. Can enter on limit or wait for price action to confirm with break of trendline. Target 1457 then bull move to continue
Comment
edit 1469.71
Comment
TP now - 1460 +95
Comment
Short target reached and Long trade triggered off of 1456.95 level
Chart Patterns
dmacfx

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.