Gold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low.
If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity.
An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity.
An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.