Gold has entered a consolidation phase through a Rectangle pattern that is almost identical to September 26th - October 8th.
The MA200 (1h) hasn't been tested yet, so there is downside potential still.
Trading Plan:
1. Sell on the current market price as we're forming a Channel Down like October 4th-8th.
Targets:
1. 2725 (Support 1).
Tips:
1. MACD (1h) sequence is also fairly similar to the early October fractal, suggesting also strong short term bearish potential.
Please like, follow and comment!!
Notes:
Past trading plan:
The MA200 (1h) hasn't been tested yet, so there is downside potential still.
Trading Plan:
1. Sell on the current market price as we're forming a Channel Down like October 4th-8th.
Targets:
1. 2725 (Support 1).
Tips:
1. MACD (1h) sequence is also fairly similar to the early October fractal, suggesting also strong short term bearish potential.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.