Bullish setup of Gold on 1H(approaching zone soon!)
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My trading idea is based on daily chart. From the weekly perspective, the price is in the middle that tells us to do nothing. So, it's a short swing trade!
So in a nutshell, It's daily + Trend + price action.
So in a nutshell, It's daily + Trend + price action.
Ordre annulé
As I said, price broke the downtrend line, and formed a very choppy zone. I marked the yellow zone for entry. I would be only 1 to 1, so no big profit. Actually, I'm looking back. I didn't pay close attention to gold. Recently, the price was mainly influenced by pair trading of silver which now is very likely to fall after a drastic surge to 8-year high.
plan your trade and trade your plan
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