Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bearish trading inside our orange channel, however, it is approaching a strong support area 1675 - 1700
Moreover, the lower orange trendline acts as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower orange trendline.
As per my trading style: As GOLD approaches the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
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.