MzieFXUM

Potential Long on Gold

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
We see Gold hitting some nice lows this week for a potential liquidity grab back up , looking at the 3 zones highlighted
zone 1 being A Trendline bounce long on the third D1 ascending Trendline
zone 2 being a Psychological level bounce could see some long opportunities from there
zone 3 being a Previous low retest for a massive double bottom formation for the Long opportunities
these zones are high probability for long term positions and will be very rewarding

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.