11/24 gold plan: expect to create a bearish DOWN. TARGET 1730

> Weekly: still trending Down
> Daily: price Bullish from support and EMA34
> H4: The price continues to create a bullish DOW, and surpasses the trendline H4
>> Trading plan: enter M15 or H1 time frame, look for reversal pattern at resistance area & fibo 0.5- 0.618 » @1756 @1764
!!! Absolute Stop Loss at: 1768

This is not investment advice
Please comment if you have a different opinion

Comment:

Update GOLD 26/11
H4: Gold creating a value zone at Fibo 0.5
H1: Divergence formed
M15: We need to see the price continues to create a bullish DOW, enter entry when you see HL & LL.
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!!! Absolute Stop Loss at: 1768
TP: 1744 & 1735

Comment:

DOW theory is the foundation of technical analysis.

Comment:

Gold price trading above short term support
If the price moves below this zone, we can enter more positions when the price retest RS and create a continuous Dow.
TP: 1744 & 1735
SL: 1757
NOTE: Only trade when the price closes below this zone

Trade closed: target reached:

We see the price bounce back twice at 1744.8 >> Done target 01.
Currently, the price has not clearly shown the short-term trend, the price has not returned to the beneficial value areas when trading. Be patient, I will update the new plan.