Gold Up To 2678 Upon False Break Down
Updated
Gold has been choppy all week, with multiple false breaks of channels.
Should Gold push back into the larger ascending channel, we should see 2678 hit.
Entering now with a stop below 2619 is ideal. 2610 to be safe.
Should Gold push back into the larger ascending channel, we should see 2678 hit.
Entering now with a stop below 2619 is ideal. 2610 to be safe.
Trade active
Trade Active. 2624
Stop 2610 (2619 is a big support)
Target 2678
Below 2619 will lead to a decline, heading towards 2510
Note
Gold finally making some headway to our target.
A new week calls for new dynamic levels. Our take profit has dropped to 2674, 2670 to be safe.
Stop moved to break even 340 pips thus far
Trade closed: target reached
Closed at 2671, just shy of the new Dynamic Target 2674. 470 PIPs
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.