Hey Rich Friends,
I think Gold will continue to buy today and potentially for the rest of the week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at:
- The market has been pushing up since it hit a swing low at 3285
- Bullish candles are picking up momentum with Bullish engulfing on H1. This is a bullish confirmation for me
- The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%.
These are all bullish confirmations for me. I will setting buy stops as marked on my chart. I will set my SL at the previous low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
I think Gold will continue to buy today and potentially for the rest of the week. This is only my technical analysis, so please check the news and cross-reference the indicators on your chart. Here is what I am looking at:
- The market has been pushing up since it hit a swing low at 3285
- Bullish candles are picking up momentum with Bullish engulfing on H1. This is a bullish confirmation for me
- The STOCHASTIC is facing up, the orange line (slow) is below the blue line (fast), both have crossed above 50%.
These are all bullish confirmations for me. I will setting buy stops as marked on my chart. I will set my SL at the previous low and use previous highs as my TPs. Good luck if you decide to take this trade. Let me know how it goes in the comments below.
Peace and Profits,
Cha
Trade active
Buy stop triggered at 3307.Trade closed: target reached
TP 1 HIT at 3317. +1000 pips.Note
All TPs hit. 
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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.