Gold creating distribution on 4H chart.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are comfortable with doing so.
This is not financial advice and my personal opinion.
Wait for phase C, D and E to play out for confirmation.
If the retest happens of AR at 1910 for a LPS (last point of supply) then that would be a good entry with a stop loss above the 1912, target 1850
Personally I think this is a correction before hitting the higher target of 1965 so add buys along the way if you are comfortable with doing so.
This is not financial advice and my personal opinion.
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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.
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.