FTE1995

GOLD - Finding Support at old Resistance

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
- After golds breakout, it may have found support at the old resistance level encountered a few days ago
- May still retest the hourly descending trend-line it broke yesterday
- Wait for a convincing break higher before going long
- In the case of a retest back down to the trend line look for bullish confirmation (candlestick, pattern setup)
to go long again

THIS IS NOT TRADE ADVICE NOR A TRADE CALL
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.