Gold is trading in a upward parallel channel.
1780 holds an important zone for buy.
Two scenarios can come into play;
Trade plan 1:
Buy near 1780 - 1782
SL: 1775
TP: 1800
Trade plan 2:
If it breaks 1780 and close below
Sell near 1780 - 1777
SL: 1783
TP: 1750
1780 holds an important zone for buy.
Two scenarios can come into play;
Trade plan 1:
Buy near 1780 - 1782
SL: 1775
TP: 1800
Trade plan 2:
If it breaks 1780 and close below
Sell near 1780 - 1777
SL: 1783
TP: 1750
Trade active
Trade plan 1Trade closed: target reached
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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.
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Related publications
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.