We are buying the Gold dip once again - Setup.
Updated
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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