Double bottom with $60 chance - GOLD price analysis
Hello dear readers,
Today we take a look at the gold chart.
- We are looking at a potential reversal formation in the form of a double bottom.
- The break of the neckline activates the price target of the formation at $ 1825
- The golden pocket of the last downward movement stands as strong resistance at around $ 1765 in the chart
The plan
- I would like to wait for a clear breakout
- I want to use a possible retest of the breakout zone around $ 1750 for a long entry.
- The price target of this movement is between $ 1813 - $ 1825.
- As we are still in an overriding correction, I want to quickly tighten the SL.
Don't forget to Like & Follow if you like it :)
Many greetings & success!
Chartdigger
Today we take a look at the gold chart.
- We are looking at a potential reversal formation in the form of a double bottom.
- The break of the neckline activates the price target of the formation at $ 1825
- The golden pocket of the last downward movement stands as strong resistance at around $ 1765 in the chart
The plan
- I would like to wait for a clear breakout
- I want to use a possible retest of the breakout zone around $ 1750 for a long entry.
- The price target of this movement is between $ 1813 - $ 1825.
- As we are still in an overriding correction, I want to quickly tighten the SL.
Don't forget to Like & Follow if you like it :)
Many greetings & success!
Chartdigger
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.