Gold is trading inside a Channel Up since July.
Breaking below the MA50 (4h) set in motion the bearish wave correction but since yesterday it managed to find support exactly at the bottom of the Channel Up.
The MA200 (4h) is right below and has been the key support since July.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2800 (+7.60% from the bottom, same with the two bullish waves of the Channel Up).
Tips:
1. The RSI (1d) is rebounding today and that has been a strong buy signal on another three occasions inside the Channel Up.
Please like, follow and comment!!
Breaking below the MA50 (4h) set in motion the bearish wave correction but since yesterday it managed to find support exactly at the bottom of the Channel Up.
The MA200 (4h) is right below and has been the key support since July.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2800 (+7.60% from the bottom, same with the two bullish waves of the Channel Up).
Tips:
1. The RSI (1d) is rebounding today and that has been a strong buy signal on another three occasions inside the Channel Up.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.