Long Position - Gold
Price has been inside this channel since December with a few touches even earlier back.
The support area is a round number - 1300 and has been hit many times so proves to be a strong level. Resistance is 1350-1360 which is also a strong level.
MA's have just crossed over which is one indication of a trend reversal. Stochastic is also pointing upwards and is sat at 24 - another indication that price is going to rise. And lastly, we see a bullish hammer candle from the day before.
I think we will see price reach 1350 eventually
The support area is a round number - 1300 and has been hit many times so proves to be a strong level. Resistance is 1350-1360 which is also a strong level.
MA's have just crossed over which is one indication of a trend reversal. Stochastic is also pointing upwards and is sat at 24 - another indication that price is going to rise. And lastly, we see a bullish hammer candle from the day before.
I think we will see price reach 1350 eventually
Trade fermée: cible de profit atteinte
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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.