A setup to go long Gold.
Gold / 4H
Hello traders, welcome back to another market breakodown.
Gold has been trading in a down trend, The price has broken the trading range level and claimed the level back.
If bulls are that strong, we should see the price pushing and breaking above the trend line. However, the struture is still bearish, so bulls need to show more strengh for traders to give up bears.
If the trend line holds and the price start breaking lower, we should only look for shorts.
Checkout the chart for a plan to go long.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakodown.
Gold has been trading in a down trend, The price has broken the trading range level and claimed the level back.
If bulls are that strong, we should see the price pushing and breaking above the trend line. However, the struture is still bearish, so bulls need to show more strengh for traders to give up bears.
If the trend line holds and the price start breaking lower, we should only look for shorts.
Checkout the chart for a plan to go long.
Trade safe,
Trader Leo.
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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.