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yanuarmanalif
Sep 11, 2018 4:30 AM

GOLD DAILY 09/11/2018 

GOLD (US$/OZ)TVC

Description

Gold is still consolidating to form a triangle pattern and moving in the daily pivot area.

Daily Pivot:
R4 1216.93
R3 1209.63
R2 1202.33
R1 1198.76
Pivot 1195.03
S1 1191.46
S2 1187.73
S3 1180.43
S4 1173.13

First option:
-Open long positions when the price breaks up the triangle
-TP at the first daily resistance
-SL can be placed in the first daily support or previous swing low
-Wait for confirmation to open a position

Second option:
-Open short positions if the price breaks down the triangle
-TP at the second daily support
-SL on the previous pivot or swing high
-Wait for confirmation to open a position

Trade closed: target reached

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