Hi guys,
Gold continues to trade within the ascending channel of the 4-hour chart. XAU/USD has been consolidating since the end of last week as prices struggled clearing the 1800 – 1808 inflection zone. A breakout under the channel exposes the 100-period SMA, which could pivot prices back higher. Clearing the inflection zone exposes the September high at 1834.
Short term
Entry: 1790
TP1: 1810
TP2: 1830
SL: 1780
Once we hit supply, I believe this to be a good entry for a sell.
Good luck!
Gold continues to trade within the ascending channel of the 4-hour chart. XAU/USD has been consolidating since the end of last week as prices struggled clearing the 1800 – 1808 inflection zone. A breakout under the channel exposes the 100-period SMA, which could pivot prices back higher. Clearing the inflection zone exposes the September high at 1834.
Short term
Entry: 1790
TP1: 1810
TP2: 1830
SL: 1780
Once we hit supply, I believe this to be a good entry for a sell.
Good luck!
交易進行
I believe that despite recent excitement we will continue to rise throughout November and December as feds start to taper.I will post some more charts in the near future providing more specific possibilities.
交易進行
Maybe a little later that shown, but supply has been reached. Whilst there might be some more up movement this week, prepare for short.註釋
Supply broken, hold off on selling.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。