Buy / Long Gold in Hourly Timeframe
As shared probability in the last analysis, gold is still showing an upward trend in H1 timeframe making HH and HL as per Dow theory, however it has showed a divergence in M15 timeframe. Good buy zone will be around 2708 with SL at 2691 and TP1 at 2726 and TP2 2742.
Weekly and Monthly timeframes also suggesting a strong bullish trend. If price breaks below 2691 with two candles rejection it may start downtrend in H1.
I am sharing it for analysis only.
XAUUSD #tradingview #gold
Weekly and Monthly timeframes also suggesting a strong bullish trend. If price breaks below 2691 with two candles rejection it may start downtrend in H1.
I am sharing it for analysis only.
XAUUSD #tradingview #gold
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