Consider gold for a corrective buy opportunity, when the HA price closes above the 8/14 moving averages.
The point of invalidation is the recent swing low of 1122.
Target is support level of 1210 ( support in Feb,March,June 2016) now acting as resistance and fib 50 level of the 2016 gold uptrend.
Risk Reward is 3 to 1.
The trade is closed if price is beneath target and closes below the 8/14 moving average.
The point of invalidation is the recent swing low of 1122.
Target is support level of 1210 ( support in Feb,March,June 2016) now acting as resistance and fib 50 level of the 2016 gold uptrend.
Risk Reward is 3 to 1.
The trade is closed if price is beneath target and closes below the 8/14 moving average.
Note
Target Reached :)
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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.