Gold may be looking to that $1930 level
Reasons gold could be going up.
We see that the 2nd to last candle before Friday's close is the doji formation candlestick which gives us the sense of a neutrality in price.
We are seeing a triangle formation formed on the daily chart which is a indication of a neutral market, but once we see price moving outside of the triangle we could see a breakout to the downside but for now we can assume that price will move between support and resistance and we are right now at the support level of this triangle formation.
If you are looking for some real trading education - check out my YouTube channel (Trade with H)
We see that the 2nd to last candle before Friday's close is the doji formation candlestick which gives us the sense of a neutrality in price.
We are seeing a triangle formation formed on the daily chart which is a indication of a neutral market, but once we see price moving outside of the triangle we could see a breakout to the downside but for now we can assume that price will move between support and resistance and we are right now at the support level of this triangle formation.
If you are looking for some real trading education - check out my YouTube channel (Trade with H)
Note
Almost hit that SL ...... will we see the price going up ????Your thoughts...??
Note
We nearly hit that SL in the open of the market today but seems as if price reversed and could be going up to the $1930 ..Already in a profit
Do you think I am correct ?????
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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.