Gold is trading inside a Channel Up for the entire month of January.
This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level.
Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2775 (on the 0.5 Fibonacci level, like all previous 4 corrections).
Tips:
1. The RSI (1h) already formed a Bearish Divergence, which confirms the sell signal.
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Notes:
Past trading plan:
This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level.
Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 2775 (on the 0.5 Fibonacci level, like all previous 4 corrections).
Tips:
1. The RSI (1h) already formed a Bearish Divergence, which confirms the sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.