Simple technical and price action analysis.
On the daily TF it is very clear that Gold is moving very strong up trend. I will not try to catch reversal, because the price moved aggressively, and there is no resistance level that can give any indication for sell. The best trade will be to wait for the correction and than enter buy, in the trend direction.
Entry - Pullback close to 1900 level
SL - Under MA100 from H1
TP - If you are optimistic and have enough patience, you can target new highs above 2000 level.
Don't Stumble Trading. Trade Safe!
On the daily TF it is very clear that Gold is moving very strong up trend. I will not try to catch reversal, because the price moved aggressively, and there is no resistance level that can give any indication for sell. The best trade will be to wait for the correction and than enter buy, in the trend direction.
Entry - Pullback close to 1900 level
SL - Under MA100 from H1
TP - If you are optimistic and have enough patience, you can target new highs above 2000 level.
Don't Stumble Trading. Trade Safe!
Trade ativo
Trade fechado: objetivo atingido