Updating my earlier analysis for gold with a potential long trade scenario. I am looking for a pullback now towards the broken 200-days SMA before going long. Buying near the current levels is risky and unacceptable in terms of isk-reward and money management.
Motives of the trade
-Gold has completed a head and shoulders bottom
-Gold had broken the major 200-days SMA
- A new series of higher highs and higher lows was established
Good luck
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My best regards,
Technician
Motives of the trade
-Gold has completed a head and shoulders bottom
-Gold had broken the major 200-days SMA
- A new series of higher highs and higher lows was established
Good luck
Trade forex with me, check my new website thefxchannel.com/ , vote and subscribe , thank you...
join me at twitter.com/thefxchannel
facebook.com/thefxchannel
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician
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Related publications
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.