Here is an update on Gold
RECAP:
In our previous analysis gold was trading @ $1710
We expected the pair to be bullish and had our target set to $1750
The pair however was a bit bearish but was limited to $1708 forcing us to open buys at this level
After the opening of the US Market the pair also triggered our buy stop @ $1720 & another @ $1730
which was set last week
We hit our Buy Stop TP from yesterday's analysis
Banking us a total 300 pips on the pair
& are currently still in an active buy which was set @ $1730
WHAT TO EXPECT:
We expect gold to touch resistance at $1750
From there we expect the pair to break above the resistance @ $1750
Or fall back to $1730-$1725 before continuing its bullish trend.
Bullish harmonic pattern on 1D chart
OUR POSITIONS:
Currently @ $1738
Buy Stop @: $1755
Buy Stop TP @: $1765
Sell Stop @: $1720
Sell Stop TP @: $1710
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
RECAP:
In our previous analysis gold was trading @ $1710
We expected the pair to be bullish and had our target set to $1750
The pair however was a bit bearish but was limited to $1708 forcing us to open buys at this level
After the opening of the US Market the pair also triggered our buy stop @ $1720 & another @ $1730
which was set last week
We hit our Buy Stop TP from yesterday's analysis
Banking us a total 300 pips on the pair
& are currently still in an active buy which was set @ $1730
WHAT TO EXPECT:
We expect gold to touch resistance at $1750
From there we expect the pair to break above the resistance @ $1750
Or fall back to $1730-$1725 before continuing its bullish trend.
Bullish harmonic pattern on 1D chart
OUR POSITIONS:
Currently @ $1738
Buy Stop @: $1755
Buy Stop TP @: $1765
Sell Stop @: $1720
Sell Stop TP @: $1710
Link to previous analysis below
Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
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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.