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pecpec

LONG GOLD

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
pecpec Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Support and Resistance Parallel Channel Gold LONG lateralchannel
6
0
supportandresistance parallelchannel gold long lateralchannel
Pros
  • Lateral on daily timeframe.
  • Bullish on longterm.
Cons
  • Countrend on hourly timeframe.
  • The strength of the dollar is bad for the commodities.
Strategy
  • The gold is on a lateral channel. Long at the bottom and short at the top.
  • RSI divergences on hourly timeframe.
  • The candle could be a hammer on the support zone.
  • Close a half at the middle of the channel, and the other half at the top.
Trade closed: stop reached
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