GOLD: BACK TO 1900? 🧙‍♂️
INVESTROY is back, ladies and gents. Sorry, we were a little busy with our students and members. Stay tuned for an amazing week full of ideas!
The gold has formed a recent bottom which completed this beautiful pennant. By looking at the chart, you can intuitively tell that there are some levels to be filled above 1850. The momentum isn't strong enough for it to break 1900 that easily, so that's going to be our psychological level that coincides with the top trendline of the pennant. The trade might take a moment to hit TP and it's valid as long as the pennant isn't broken. Safe trades!
The gold has formed a recent bottom which completed this beautiful pennant. By looking at the chart, you can intuitively tell that there are some levels to be filled above 1850. The momentum isn't strong enough for it to break 1900 that easily, so that's going to be our psychological level that coincides with the top trendline of the pennant. The trade might take a moment to hit TP and it's valid as long as the pennant isn't broken. Safe trades!
Note
We're 300 pips in profit, family!
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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.
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.