Gold starts moving below the pivot and breaks suppot on trading yesterday, but still looks bullish divergence and the price is still in the previous demand zone.
First option:
-Open long positions if the price breaks and moves above the pivot
-TP 1 at the first daily resistance
-TP 2 to the second daily resistance
-SL in pivot or in the last swing low.
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price goes to the second daily resistance
-TP 1 at the first daily resistance
-TP 2 is the first daily support if the price breaks down the pivot
-SL at the second daily resistance or at the last swing high
-Wait for confirmation to open a position
Third option:
-Open short positions if the price turns out to be unable to break and stay above the pivot
-TP 1 is the first daily support
-TP 2 is the second daily support
-SL in the pivot or in the last swing high
-Wait for confirmation to open a position
First option:
-Open long positions if the price breaks and moves above the pivot
-TP 1 at the first daily resistance
-TP 2 to the second daily resistance
-SL in pivot or in the last swing low.
-Wait for confirmation to open a position
Second Option:
-Open short positions if the price goes to the second daily resistance
-TP 1 at the first daily resistance
-TP 2 is the first daily support if the price breaks down the pivot
-SL at the second daily resistance or at the last swing high
-Wait for confirmation to open a position
Third option:
-Open short positions if the price turns out to be unable to break and stay above the pivot
-TP 1 is the first daily support
-TP 2 is the second daily support
-SL in the pivot or in the last swing high
-Wait for confirmation to open a position
Trade closed: target reached
