Gold found support in 1706 - 50% of fibonacci (1668-1744), where it seems to fix the bottom.
Confirmation of the upward trend will be a break of the peak in 1744.
At the same time, however, we have another bottom of a smaller period - 1716.
It allows for more aggressive entries for buy in the breakthrough of 1733.
For both buy options it is good to get confirmation of the situation.
Then we expect the price to reach resistance levels:
1751
1763
1780
Are you an aggressive or conservative trader?
Which option would you participate in?
Confirmation of the upward trend will be a break of the peak in 1744.
At the same time, however, we have another bottom of a smaller period - 1716.
It allows for more aggressive entries for buy in the breakthrough of 1733.
For both buy options it is good to get confirmation of the situation.
Then we expect the price to reach resistance levels:
1751
1763
1780
Are you an aggressive or conservative trader?
Which option would you participate in?
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.