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Lingrid
Feb 7, 2023 8:29 AM

Lingrid | GOLD short term CORRECTION Long

GoldOANDA

Description

The gold market is developing a range zone at strong support level. Previouse resistance zone became a support which is a swing level. The market formed a double bottom I think its good area to go long for short term. Price action is ranging after impulse move down and it might go up from support and global trendline on the 4H timeframe. My short term target is resistance at 1890.000.

My long term target:


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Comments
BKTradingAcademy
Very detailed and quality analysis. Great work L!
Lingrid
What do you think guys, where do you think the price of gold might go? Please share your opinion! 🤔
shadowfox_Analyst
@Lingrid, Hi,
its looks like a descending triangle.🤔
shadowfox_Analyst
DemoDiaryFX_Trading
@Lingrid, will look for this on gold
aox8zs
NakedTrading4U
Gold is making BEAR FLAG and will not bottom here, there is nothing here, major support comes in at FIB ZONE around 1800 area

your style of trading is extremely over complicated and suffers greatly from "over analysis" all these things you are seeing can best be described as "noise"
Cup & Handle tells the story, these "channels" you are drawing are subjective at best

But the chart looks really "CUTE" Love the pink, great job sweetie!
Goldviewfx
Nice chart work
TheTradersAvenue
good job. Thanks for sharing
renardorowe7
Cute chart lol,making cute cash too lol
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