Reason for buy:
1. With the geo-political situation between IRAN and ISRAEL Gold is seen as a SAFE HAVEN by investors. This war will definitely go on for a few weeks and most probably months. So treat it as an investment.
2. For the impulsive move upwards, we need a small correction to take out the OB and probably the gap as indicated.
3. No divergence in the higher time frames indicating a strong bullish continuation.
Entry: 3406-3397 AREA
STOP LOSS: 3373
TAKE PROFIT : 3500 and above!
Note: Use this opportunity to maximise profits by adding to winning positions.
GOLDEN rule: Always Always ALWAYS use a STOP LOSS.
1. With the geo-political situation between IRAN and ISRAEL Gold is seen as a SAFE HAVEN by investors. This war will definitely go on for a few weeks and most probably months. So treat it as an investment.
2. For the impulsive move upwards, we need a small correction to take out the OB and probably the gap as indicated.
3. No divergence in the higher time frames indicating a strong bullish continuation.
Entry: 3406-3397 AREA
STOP LOSS: 3373
TAKE PROFIT : 3500 and above!
Note: Use this opportunity to maximise profits by adding to winning positions.
GOLDEN rule: Always Always ALWAYS use a STOP LOSS.
Trade closed: stop reached
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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.