GOLD - Buy Opportunity
Weekly Chart:
Bullish Pin Bar with the rejection of low price.
Daily Chart:
Friday - closed with a Marubozu candle, bullish engulfing pattern, and broke the short-term downtrend line
Watch out:
There might be a retest at the zone around broken trend
Action:
If we see a daily closed above 1746-1748, we are going to join the Bulls and T/P Target 1790.
Stop Loss:
Always set your SL
I suggest that set SL orders below 1717.
Bullish Pin Bar with the rejection of low price.
Daily Chart:
Friday - closed with a Marubozu candle, bullish engulfing pattern, and broke the short-term downtrend line
Watch out:
There might be a retest at the zone around broken trend
Action:
If we see a daily closed above 1746-1748, we are going to join the Bulls and T/P Target 1790.
Stop Loss:
Always set your SL
I suggest that set SL orders below 1717.
Related publications
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.