*GOLD - POSSIBLE BULL TREND*

GOLD

Daily chart: Price cross above SMA 200, bullish confirmation candles.

The pair has been trending upward on the daily chart .

Price is making higher highs and higher lows overall.

Price recently hit a top of resistance, which then quickly reversed, which than price rejected EMA21 to the upside.

Bearish candlestick formation starting to form.

Entry on third bullish candlestick pattern, price must bounce off EMA 21.

Exit: Exit when target is hit or stop loss is triggered

R/R: 1.1 - 1.4

TELL ME WHAT YOU THINK!

ALPHA1RESEARCH.COM
Chart PatternsTechnical IndicatorsTrend Analysis

Aussi sur:

Clause de non-responsabilité