GOLD IS BULLISH!!!
Updated
Now most people will definitely think Gold is bearish
I can assure you it is very bullish; why?
1. it is printing HH and HL so i expect this place to the be the higher low for the next HH
2. With Fibo, it is at 0.168 which is a reversal zone
3. It touched the support zone and we had a rejection there
4. It is in a falling wedge also which is a bullish structure
5. Tested EMA 200
For swing traders.
buy at 1912
stop loss - 1880 or if a daily close below the trend line or below the EMA 200
Tp 1 - 1946
Tp 2 - 1978
tp 3 - 2018
Tp 4- 2070
Tp 5- 2140
tp 6 - 2200
I can assure you it is very bullish; why?
1. it is printing HH and HL so i expect this place to the be the higher low for the next HH
2. With Fibo, it is at 0.168 which is a reversal zone
3. It touched the support zone and we had a rejection there
4. It is in a falling wedge also which is a bullish structure
5. Tested EMA 200
For swing traders.
buy at 1912
stop loss - 1880 or if a daily close below the trend line or below the EMA 200
Tp 1 - 1946
Tp 2 - 1978
tp 3 - 2018
Tp 4- 2070
Tp 5- 2140
tp 6 - 2200
Note
160pips inNote
200pips in.if you are just joining look for an entry here with a sl of 1920
Note
Minor set back, patience guysTrade active
we are still in this More profits coming
Note
Partial closeCPI news incoming so as not to totally lose this trade
Note
Move stop loss to entryNote
Tp 1 is doneNote
Road to Tp 2
Note
Almost reached tp 2 but you can take partials at 1970; because i am expecting a downfall soonNote
Tp 2 reached, have to check the charts again looks like the run to 2000 has started
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