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VladimirRibakov

Gold Buy Idea At The Bottom Of The Daily Channel

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
VladimirRibakov Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Multiple Time Frame Analysis Gold buy Bullish Patterns Parallel Channel Bullish Divergence falsebreaks bullishconvergence support pullback
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trendanalysis chartpattern mtfa gold buy bullish parallelchannel bullishdivergence falsebreaks bullishconvergence support pullback
D1 - Price is bouncing higher from a key support zone formed by the bottom of the daily channel and the 100% Fibonacci expansion level of the first wave.

Bullish divergence.

H4 - Multiple false breaks and bullish divergences.

Bullish convergence.

Currently it looks like a pullback is happening.

Until the key support zone holds I expect the price to continue higher further after pullbacks.

Comment:
The bullish move that I was looking for happened exactly as per the plan!
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