Gold is trying to choose a direction...
Hello everyone,
Gold is moving in a consolidation zone. 1817 is up limit and 1802 is down limit of this zone.
If it break the zone upside, we can long it and target 1840. But if it break downside, also we can short the gold and target 1780.
I'm waiting any breakout for trade. Good luck to everyone!
If you find it useful, please support this idea with LIKE.
In the analysis I published, 1H and smaller periods are based on the scalping strategy. Periods of 4H and greater are analyzed with the swing trade strategy.
Gold is moving in a consolidation zone. 1817 is up limit and 1802 is down limit of this zone.
If it break the zone upside, we can long it and target 1840. But if it break downside, also we can short the gold and target 1780.
I'm waiting any breakout for trade. Good luck to everyone!
If you find it useful, please support this idea with LIKE.
In the analysis I published, 1H and smaller periods are based on the scalping strategy. Periods of 4H and greater are analyzed with the swing trade strategy.
Trade closed: target reached:
Gold reached bearish target!!
Have a good weekend all. I'll share a new analysis on Monday about Gold.
Have a good weekend all. I'll share a new analysis on Monday about Gold.