Gold is neutral on the (1h) timeframe, trading sideways inside a Rectangle (Resistance 1 and Support 1).
The price almost hit Support (1) for the 3rd time since Nov 26th and is a technical buy signal.
Each of those times it rose to at least the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2649 (the 0.618 Fibonacci retracement level).
Tips:
1. The RSI (1h) almost turned oversold (below 30.00). The previous two times that happened, it was a technical buy signal as well.
Please like, follow and comment!!
Notes:
Past trading plan:
The price almost hit Support (1) for the 3rd time since Nov 26th and is a technical buy signal.
Each of those times it rose to at least the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2649 (the 0.618 Fibonacci retracement level).
Tips:
1. The RSI (1h) almost turned oversold (below 30.00). The previous two times that happened, it was a technical buy signal as well.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.