TVC:GOLD   CFDs on Gold (US$ / OZ)
Welcome back,.
At previous analysis, we have 1462 as strong support.
This level are combination of 3 support :
Fibonacci support, October 01 support, and trendline support.
And we can see, that bearish stop after hit this support. Congrats.

Aiming for bullish from this position are not a bad idea, we have 3 target for this setup :
1492 at classic support and resistance
1505 at triangle resistance
and fibonacci 1.618 projection at 1618.

If 1462 break down with one full candle at 4 hour timeframe,
bearish will continue to reach major support at 1402

My trading plan :
Buy (3 opening position) with 3 target at : 1492, 1505 and 1618
Stoploss : use your money management system

Sell if 1462 break down with target at 1402

Good luck
100%+ profit weekly forex copy trade and PAMM system : https://instaforex.org/forex_monitoring.php?trader=2796778
youtube : https://www.youtube.com/c/AnalystForex
Website : http://www.gkinvest.co.id - with Refferal Code : WYH27
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out