Gold Spot / U.S. Dollar
Long
Updated

JICPT| Bullish setup of Gold on 4H(1804-1812)_with trigger

134
Hello everyone. The bullish setup of gold is mainly based on momentum on 4H.

I listed the reasons to long on the chart for reference:
1.Uptrend line
2.MA crossover
3.Demand zone
4.Flip

The target is around 1860 which I chose to be in line with the daily chart structure. In my opinion, the selling pressure is high.

In addition, the entry zone is 8 dollars. If you want to lower the risk and increase your profit margin. You can set alarm and triggers by placing market order based on the 15m candle formation.

Give me a like if you're with me!

Stay safe and trade safe.
Note
My pre-set alarm got activated. Gold touched the zone. Let's do what we planned before.
snapshot
Note
I just caught the reversal on 15m. The retest or pullback would be a good entry for buyers as the trend started to change on smaller timeframe
snapshot
Note
The pullback strategy on 15m works very well! That's why we have trigger to reduce the risks.
snapshot
Note
Finally, after two more retests, the level has been conquered. The bullish setup has been terminated on 4h
snapshot

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.