Potential Continuation Pattern Forming
At the beginning of the year, if you look back at my posts, I went long on gold around the 1050 level as it was reacting off of a weekly trend line and broke out of a consolidation area on the daily time frame. I think Gold is on its way to a massive sell off as it is approaching the weekly resistance trend line at 1400.
With this current set up, I am waiting for price to brake out of the descending trend line and make a new higher. I will then try and enter if price pulls back and with a take profit of just below 1400.
With this current set up, I am waiting for price to brake out of the descending trend line and make a new higher. I will then try and enter if price pulls back and with a take profit of just below 1400.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.