Gold - triangle pattern breached on upside.
Gold has given a Buy signal on daily charts, triangle pattern breached on up side.
Other indicators are giving positive signals too.
A long position can be considered near 1501-1505 levels, with a stop loss of 1488 for first targets of 1530,
once the resistance of 1530-1534 is crossed, it easily retest 1550-1555 levels.
Keep in mind, there is an important Fed meeting early next week, Gold prices will be quite volatile and based on newsflow.
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This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications involved, consult some financial advisor before taking any positions.
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Please consider hitting the LIKE button below the chart, if you find this post / idea worthy or informative. You may also FOLLOW me over this forum for periodic updates on Nifty, Bank Nifty and bullion.
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Other indicators are giving positive signals too.
A long position can be considered near 1501-1505 levels, with a stop loss of 1488 for first targets of 1530,
once the resistance of 1530-1534 is crossed, it easily retest 1550-1555 levels.
Keep in mind, there is an important Fed meeting early next week, Gold prices will be quite volatile and based on newsflow.
------------------------------------------------------------------------------------------------------------------------------------------------
This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications involved, consult some financial advisor before taking any positions.
----------------------------------------------------------------------------------------------------------------------------------------------------
Please consider hitting the LIKE button below the chart, if you find this post / idea worthy or informative. You may also FOLLOW me over this forum for periodic updates on Nifty, Bank Nifty and bullion.
Please add a comment... Positive feedback and constructive criticism are important to authors as well as the community.
Trade fermée: ordre d’arrêt atteint
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.
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.