Teacher-ETF

Gold Double Bottom Chart Pattern

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has approached to its weekly demand level and D1 support zone with an early stage of double bottom formation. A bullish rejection at H4 timeframe would send price upwards from this level,

Look for buy opportunity at around 1625 stop loss around 1610, take profit around 1660, 1685.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.