Gold should technically test 1748 in the coming hours
Hey guys,
Gold is currently consolidating in a channel but what's interesting to notice, using the ichimoku cloud (which I use a lot in my trading ideas) is that price managed to break on M15/H1/H4 all its resistances.
On M15 the lagging span is above the previous price candlebars and managed to get above the 50% of the current formation.
We have a level of supply at around 1748, which is also the top of this current structure - it's a confluence area! So we should see some selling there.
Trade with care!
Cheers
Jesse
Gold is currently consolidating in a channel but what's interesting to notice, using the ichimoku cloud (which I use a lot in my trading ideas) is that price managed to break on M15/H1/H4 all its resistances.
On M15 the lagging span is above the previous price candlebars and managed to get above the 50% of the current formation.
We have a level of supply at around 1748, which is also the top of this current structure - it's a confluence area! So we should see some selling there.
Trade with care!
Cheers
Jesse
Nota
Expecting gold to test 1750.40 level before it meets supply
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.