Good Day Everyone
a look at GOLD which hasnt seen much change on higher time frames The move keeps price in consolidation just below the record highs and the risk remains for a deeper setback near-term while below resistance. These are the updated targets and invalidation levels that matter on the gold weekly chart.
Coming down to the 4H chart we see the chart rallying down with the bears currently consolidating in a bearish flag which could possibly signal continuation to the downside to confirm the 1234 move confirming that GOLD is in a down trend.
looking for continuation of this move.
lets see how it goes.
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 1911.43
TP 2 - 1861.30
SL - 1963.88
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
a look at GOLD which hasnt seen much change on higher time frames The move keeps price in consolidation just below the record highs and the risk remains for a deeper setback near-term while below resistance. These are the updated targets and invalidation levels that matter on the gold weekly chart.
Coming down to the 4H chart we see the chart rallying down with the bears currently consolidating in a bearish flag which could possibly signal continuation to the downside to confirm the 1234 move confirming that GOLD is in a down trend.
looking for continuation of this move.
lets see how it goes.
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 1911.43
TP 2 - 1861.30
SL - 1963.88
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade active
Note
🔵 Bears in Control - Trend continuation in play
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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.
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.