Long-term Gold trading plan
Looking back at the history of Gold, if you want a long-term increase of 1000 prices, you need a falling wedge pattern in an uptrend in the daily frame, in order to create a fomo sell.
I have attached 2 ideas below.
Likely this week gold will break down from the green line.
If long-term investment, the current price area is sensitive, we should not participate, only buy when touching the black line of the wedge pattern.
I'll wait and DCA Buy is at those 3 levels
Of course, capital management must also be set, because this Gold is only electronic Gold, the FED can manipulate the price, so everything must be under control.
Stoploss at 1826. Losing this point Gold will fall deeply and the upcoming August 22 will decide.
My target 2180-2500-2800 in 2-3 years.
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There is one more idea of the ichimoku school to strengthen a long-term bullish gold position.>> See below 👇 👇
Looking back at the history of Gold, if you want a long-term increase of 1000 prices, you need a falling wedge pattern in an uptrend in the daily frame, in order to create a fomo sell.
I have attached 2 ideas below.
Likely this week gold will break down from the green line.
If long-term investment, the current price area is sensitive, we should not participate, only buy when touching the black line of the wedge pattern.
I'll wait and DCA Buy is at those 3 levels
Of course, capital management must also be set, because this Gold is only electronic Gold, the FED can manipulate the price, so everything must be under control.
Stoploss at 1826. Losing this point Gold will fall deeply and the upcoming August 22 will decide.
My target 2180-2500-2800 in 2-3 years.
--
There is one more idea of the ichimoku school to strengthen a long-term bullish gold position.>> See below 👇 👇
Trade active:
Let's prepare to buy gold next week
