Gold is trading on a Rising Megaphone inside a Channel Up, both powerful bullish patterns.
All 3 Lows prior have been priced under the MA50 (1h) and on the Rising Support.
The MA200 (1h) has been supporting all the way back since the October 8th breakout due to the war.
Trading Plan:
1. Buy when the price crosses under the MA50 (1h).
2. Sell if it crosses under the MA200 (1h).
Targets:
1. 2030 (Rising Resistance).
2. 1955 (slighty over Support 1, which is the level that showed the strongest buying strength recently).
Tips:
1. The RSI (1h) has its own Buy Zone to consider where the Megaphone bottoms where priced.
Please like, follow and comment!!
Notes:
Past trading plan:
All 3 Lows prior have been priced under the MA50 (1h) and on the Rising Support.
The MA200 (1h) has been supporting all the way back since the October 8th breakout due to the war.
Trading Plan:
1. Buy when the price crosses under the MA50 (1h).
2. Sell if it crosses under the MA200 (1h).
Targets:
1. 2030 (Rising Resistance).
2. 1955 (slighty over Support 1, which is the level that showed the strongest buying strength recently).
Tips:
1. The RSI (1h) has its own Buy Zone to consider where the Megaphone bottoms where priced.
Please like, follow and comment!!
Notes:
Past trading plan:
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.
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.