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IkkeOmar
May 4, 2023 2:22 PM

Best momentum strategy for GOLD! Long

GOLD (US$/OZ)TVC

Description


The higher timeframe gives us a contraction zone that is easily visible. Price is currently above this.
The MCVF indicator told us that momentum is going to the upside, when we look at the smaller timeframe (15m in this case).
We have three TP targets:
  • The 1.272 fib level
  • The 1.618 fib level
  • The 1.92 fib level


The indicator is linked below!
Comments
MBM_Crypto
Great idea!
IkkeOmar
@MJI786 thank you so so much!
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