Gold - Intraday - We look to Buy at 1856.6 (stop at 1847.8)
Price action continued to range between key support & resistance (1850 - 1920) although we expect a break of this range soon.
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
A lower correction is expected.
We look to buy dips.
Daily pivot is at 1850.
Our profit targets will be 1884.4 and 1894.4
Resistance: 1880.0 / 1890.0 / 1900.0
Support: 1870.0 / 1860.0 / 1850.0
Price action continued to range between key support & resistance (1850 - 1920) although we expect a break of this range soon.
Price action has formed a bearish ending wedge formation.
We are trading close to the end of an ascending Ending Wedge Formation.
A lower correction is expected.
We look to buy dips.
Daily pivot is at 1850.
Our profit targets will be 1884.4 and 1894.4
Resistance: 1880.0 / 1890.0 / 1900.0
Support: 1870.0 / 1860.0 / 1850.0
Trade closed: stop reached
SL hit
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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.