Gold still on strong bullish trend
Updated
Gold is still on strong bullish trend and its now on a flat top/ascending triangle. I am looking for buying opportunity on this one, however I always prefer to buy low.
If I can get some sort of retest on 1960 price I will take a buy with the confirmation of cause. That 1960 level its where the H4 buyers are sitting and I believe the will now push the price to the upside to break the level 1980.
If I don't get the retest of level 1960, I will the buy on retest of Level 1980 if broken.
I will only look for opportunity to sell once the buying structure is violated. Always consult your trading strategies for entry and apply risk management.
Disclaimer: This analysis is based on high probability based on technical analysis & price action, however fundamentals always affect any analysis.
If I can get some sort of retest on 1960 price I will take a buy with the confirmation of cause. That 1960 level its where the H4 buyers are sitting and I believe the will now push the price to the upside to break the level 1980.
If I don't get the retest of level 1960, I will the buy on retest of Level 1980 if broken.
I will only look for opportunity to sell once the buying structure is violated. Always consult your trading strategies for entry and apply risk management.
Disclaimer: This analysis is based on high probability based on technical analysis & price action, however fundamentals always affect any analysis.
Trade active
Go my entry on 1960 region as I anticipated, riding that buy nicely and we such see if the bulls will keep pushing strong this trend. Hope this analysis did help you find any opportunity to trade today.
Happy trading guys:)
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.