Mapping gold
Little bounce here after establishing in the 30’s again. Could be looking at drastic moves and pullbacks when the price enters the unstable 40’s-50’s region.
Look to exit off the resistance above and wait for a setup that will drop or push through this diagonal uptrend. Breaking this will initiate 2420 and beyond. Turns on average take 12-16 15m candles to developed and break off of.
Tight ish SL and anticipate pullbacks from eratic movement and wicks near these trend lines.
GL Cheers all,
Look to exit off the resistance above and wait for a setup that will drop or push through this diagonal uptrend. Breaking this will initiate 2420 and beyond. Turns on average take 12-16 15m candles to developed and break off of.
Tight ish SL and anticipate pullbacks from eratic movement and wicks near these trend lines.
GL Cheers all,
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.