Gold Spot / U.S. DollarUpdated 1100 Pips TP hit in Gold, will it reverse now?
Hello traders, in my previous Gold idea, I advised you to buy Gold in
the 1810-1820 zone with 1920 as target. If you followed my idea, you have
definitely made over 1100 pips profit. (previous idea linked below)
Currently, Gold is the top of a price channel as highlighted in my chart.
If price breaks through the upper trend line of this channel, expect a continuation
of the uptrend.
However, if bearish price action forms at the upper TL, expect price to drop below
1900 soon. So, I would advise you to trade accordingly.
the 1810-1820 zone with 1920 as target. If you followed my idea, you have
definitely made over 1100 pips profit. (previous idea linked below)
Currently, Gold is the top of a price channel as highlighted in my chart.
If price breaks through the upper trend line of this channel, expect a continuation
of the uptrend.
However, if bearish price action forms at the upper TL, expect price to drop below
1900 soon. So, I would advise you to trade accordingly.
Note
1944 is an area of importance. Let's see if this becomes a rejection levelTrade active
Sold@1928Note
1940 would be the first rejection level to watch out for
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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.
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.