Gold is trading inside a Channel Up for the entire month of January.
This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level.
Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2775 (on the 0.5 Fibonacci level, like all previous 4 corrections).
Tips:
1. The RSI (1h) already formed a Bearish Divergence, which confirms the sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level.
Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2775 (on the 0.5 Fibonacci level, like all previous 4 corrections).
Tips:
1. The RSI (1h) already formed a Bearish Divergence, which confirms the sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.