Hi, Last week gold has been traded in a tight range between 1250 and 1262 and it closes at 1251.3 (FXCM's feed is the only one which has a closed at 50). In a range, buy the bottom and sell the top. So I will looking to add more long position above 1250$ on Gold with a SL at 1244.
Already long at 1246$ (see related ideas below), i will target 1271/72 for early days of the next week. Gold is maybe forming a bearish flag in a daily downtrend. There are nice projections / expansions fibo confluence of AB and CD leg targeting this area and a previous strucutre (supply zone) to be retested.
Great to see this. I have baby bull waiting at 1247 for Monday, this chart says we have plenty of baby bulls then not only for me.
Keep up the good work!
UnknownUnicorn163516
⋅
Thanks, pixi! You are the best in Gold forecast and analytics at TradingView. Wish you really good trades.