GOLD traded downward aggressively last week. NOW WHAT?
GOLD is overall bullish trading inside our brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendline.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support (1.8k zone) and the lower brown trendline.
As per my trading style:
I will be looking for possible bullish reversal setups (like a double bottom, trendline break, and so on...)
Unless the brown trendline is broken downward aggressively, then the momentum would be shifted from bullish to bearish.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD is overall bullish trading inside our brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendline.
The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support (1.8k zone) and the lower brown trendline.
As per my trading style:
I will be looking for possible bullish reversal setups (like a double bottom, trendline break, and so on...)
Unless the brown trendline is broken downward aggressively, then the momentum would be shifted from bullish to bearish.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.