Gold long Idea
Looking to long gold from the 2010 area, scaling in to the trade if it falls to the round number for a bullish push to end off the year and go into the new one.
Confluences:
Seasonality in gold, December is bullish for gold going into January
FOMC surprise rate cuts going into 2024 & 2025
in terms of tech, we have the 50% fibo here as well the -23.6% from the current leg.
Targeting 2061, I have a longer swing I will be scaling into if gold continues to rise back to the alth.
Catch you later traders Merry Christmas ▲✞
Confluences:
Seasonality in gold, December is bullish for gold going into January
FOMC surprise rate cuts going into 2024 & 2025
in terms of tech, we have the 50% fibo here as well the -23.6% from the current leg.
Targeting 2061, I have a longer swing I will be scaling into if gold continues to rise back to the alth.
Catch you later traders Merry Christmas ▲✞
Note
Considering the deeper retracement made today, entry price for me is more shifted to 2000-1997 area for longs and NOT 2010
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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.