GOLD | BUY on Correction
מעודכן
The lower (yellow) trendline coincides with the 100 EMA (gray) which indicates a strong area of support and this trendline also crosses with the next monthly Pivot-Point and also with this weeks Pivot-Point which makes this support zone super strong (I marked it with a yellow circle).
Next up, we have a strong resistance where the price is right now because the weekly R1 Pivot-Point coincides with the drawn resistance zone. If this resistance holds, then we have our trade set up:
Wait for pullback to lower (yellow) trendline and/or 100 EMA, then BUY (on August 1st/2nd/3rd).
Next up, we have a strong resistance where the price is right now because the weekly R1 Pivot-Point coincides with the drawn resistance zone. If this resistance holds, then we have our trade set up:
Wait for pullback to lower (yellow) trendline and/or 100 EMA, then BUY (on August 1st/2nd/3rd).
הערה
We did get the correction move downwards but pushed straight through downwards. This plan is no longer valid!הערה
If you are in a short trade, take profit and not just walk, RUN!
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.