GOLD LONG
TRADE:
ENTRY: 1465 OR 1439 (PRIMARY OR SECONDARY SUPPORT)
SL: 1420
TP1: 1599
TP2: 1648
Overall trend is LONG. I have used Fibonacci sequence to find my key levels from various ABCD moves. I believe that Gold will come to either the Primary or Secondary Support levels as labelled, and reject to continue the uptrend. Which level it rejects I am unsure of at this current time, so I will be looking for candlestick patterns when it approaches each level to gather whether a rejection is likely.
Happy trading!
JJ
ENTRY: 1465 OR 1439 (PRIMARY OR SECONDARY SUPPORT)
SL: 1420
TP1: 1599
TP2: 1648
Overall trend is LONG. I have used Fibonacci sequence to find my key levels from various ABCD moves. I believe that Gold will come to either the Primary or Secondary Support levels as labelled, and reject to continue the uptrend. Which level it rejects I am unsure of at this current time, so I will be looking for candlestick patterns when it approaches each level to gather whether a rejection is likely.
Happy trading!
JJ
Penafian
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