Gold Intraday/Swing idea WC 13/01/2025
Gold still bullish based on higher timeframes after breaking the 2655 KL with Fridays NFP.
We still have close to a 300 pip bullish move to 2715 before reassessing the trade - as we could create a triple top at this level and pullback before continuing higher. If this does happen we could have a deeper pullback to c2585 before creating a new higher high (which would fundamentally line up with Trump coming into office)
If we get a break and close below c2583 zone we would be seeing a shift in momentum with structure changing to bearish.
Today 13/01 intraday idea
- Currently no trade as we are in the middle of the 2655-2717 range so would need to tap 2717 and reassess or pullback to Fridays highs for a buy opportunity.
We still have close to a 300 pip bullish move to 2715 before reassessing the trade - as we could create a triple top at this level and pullback before continuing higher. If this does happen we could have a deeper pullback to c2585 before creating a new higher high (which would fundamentally line up with Trump coming into office)
If we get a break and close below c2583 zone we would be seeing a shift in momentum with structure changing to bearish.
Today 13/01 intraday idea
- Currently no trade as we are in the middle of the 2655-2717 range so would need to tap 2717 and reassess or pullback to Fridays highs for a buy opportunity.
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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.