Gold Long Idea
We can see that gold has been very bullish on all significant timeframes and is not showing any real signs of slowing down.
With this trend in mind we are looking to capitalize on natural market pullbacks. Ideally a nice retracement to broken resistance, that would be now tested as support with plenty bullish confirmations would be enough to enter on.
Look to target back toward the monthly resistance level around 1675.000 and potentially even higher toward our weekly resistance around 1800.00 for a longer term trade.
We can see that gold has been very bullish on all significant timeframes and is not showing any real signs of slowing down.
With this trend in mind we are looking to capitalize on natural market pullbacks. Ideally a nice retracement to broken resistance, that would be now tested as support with plenty bullish confirmations would be enough to enter on.
Look to target back toward the monthly resistance level around 1675.000 and potentially even higher toward our weekly resistance around 1800.00 for a longer term trade.
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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.
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.