Going long on GOLD.
Refer to chart.
1) Bullish Harmonic pattern - potential TP at 50% - 62% (= supply zone)
2) Cup and Handle - break and retest of the neckline suggest the price could go further up
3) Bullish Flag from the cup and handle - TP near 2nd Supply zone - 50%
4) Price action showing higher highs and lower highs
Currently waiting for opportunities to go long at demand zone or FIB levels on confirmation of reversal candlestick.
PS: this is just our thoughts on the market. Do NOT take this as a trade signal.
Thank you.
Movingwfx
Refer to chart.
1) Bullish Harmonic pattern - potential TP at 50% - 62% (= supply zone)
2) Cup and Handle - break and retest of the neckline suggest the price could go further up
3) Bullish Flag from the cup and handle - TP near 2nd Supply zone - 50%
4) Price action showing higher highs and lower highs
Currently waiting for opportunities to go long at demand zone or FIB levels on confirmation of reversal candlestick.
PS: this is just our thoughts on the market. Do NOT take this as a trade signal.
Thank you.
Movingwfx