Hello traders,
1903-1909 is the resistance zone that we are watching for.
On 1h chart, gold has made a ABC wave already. Now what is not for sure is the end of C. The end of C could be 1903 ,and price start to move down from now. Or it could make a flat channel up till hit 1909 and turn down with order stream in EURO and NY overlap session.
So today 1h chart swing trading plan is waiting for a confirming signal to open sell for a correction(so far would take it as correction which could be a reversal if price could dig down more than expectation).
Good luck !!!
LESS IS MORE!
1903-1909 is the resistance zone that we are watching for.
On 1h chart, gold has made a ABC wave already. Now what is not for sure is the end of C. The end of C could be 1903 ,and price start to move down from now. Or it could make a flat channel up till hit 1909 and turn down with order stream in EURO and NY overlap session.
So today 1h chart swing trading plan is waiting for a confirming signal to open sell for a correction(so far would take it as correction which could be a reversal if price could dig down more than expectation).
Good luck !!!
LESS IS MORE!
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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 Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
Related publications
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.