For Gold Daily I see attempts to burst further up. On higher time frames we are caught in downtrend. In order for me to trade on gold, I would like to see prices going above white line ( 90EMA) once more to show that it's really interested in moving up before I do a buy.
We wait a little longer to see if prices perform this : Sell if a full negative candle is below the red EMA ( 9EMA) Buy if there's a full positive candle above white ema ( 90EMA)
Stop loss and targets to be advised when trades are taken.
Comments
LeoTran
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What do you think with the current situation? any update yet? Cheers!
Spearmanfx
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@LeoTran, sorry for not replying, have not been active over a year and decided to come back to trading view with a pro plan and share more ideas whenever time allows. see you around.