Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups.
🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline.
📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray.
In this case, a movement till the upper red trendline would be expected.
Meanwhile, until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis, we were waiting for GOLD to approach the 1935 support to look for buy setups.
🏹 The 1935 is a strong rejection zone because it is the intersection of the blue support and lower red trendline.
📈 For the bulls to take over and start the bullish correction, we need a break above the last major high in gray.
In this case, a movement till the upper red trendline would be expected.
Meanwhile, until the buy is activated, GOLD would be overall bearish and can still trade lower and even break the blue support downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Kucoin Exchange
kucoin.com/r/af/signalyst
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.