1-Day:
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
Trade active
Gold hits first target, we could see price stalling a bit as we're on end of the week close.
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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.