Renko supports the fact that gold is stil in an uptrend: keylevel to close the week is at 1240. To have a real confirmation for the next wave we need to see a breakout wich surpasses 1245 wich is very plausible given recent price action.
Advise:
Hold longs for conservative swings, add up on intraday lows for speculative positions.
Advise:
Hold longs for conservative swings, add up on intraday lows for speculative positions.
Note
Gold update for swingers:Daily chart:
Black lines: daily sup/res
Purple lines: weekly sup/res.
Conservative tp: 1260
Speculative tp: 1290
Note
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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.