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.
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My pre-set alarm got activated. Gold touched the zone. Let's do what we planned before.
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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
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The pullback strategy on 15m works very well! That's why we have trigger to reduce the risks.
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Finally, after two more retests, the level has been conquered. The bullish setup has been terminated on 4h