Why I Think Gold Will Continue Buying...Technical Analysis

6月9日

Hey Rich Friends,

Happy Monday! I think Gold will continue to buy today and maybe this week. This is only my technical analysis so make sure to check the news and cross-reference any indicators you have on your charts.

- The candles have crossed and closed above the previous high on H1 and H4 showing bullish momentum.
- After the break of the previous high, H1 was resistance has been retested as support confirming bullish momentum.
- The stochastic is facing up, the fast line (blue) is above the orange line (slow) and 1 or both lines have crossed above the 80% line. These are bullish confirmations for me.

Additional information:
- Wait for the current candle to close for more bullish confirmation.
- I would set buy stops/TPS to 3400. I will be using previous highs as TPs and previous lows as SL.

Only enter this trade if it make sense to you.

Peace and Profits,
Cha

6月9日

交易進行

6月9日

註釋

buy stop triggered at 3335.

6月10日

交易結束：目標達成

I will typically set pending orders and TPs at the same place in case the trade continues to go on.

Although I entered for market execution buy and hit TP at 3335. The trade triggered at 3335 has hit SL making this one break even for me.

I have additional buy stops set for when the momentum continues.

6月10日

註釋

06/10/25

Market execution at 3331. TP hit at 3335 ✅

Buy stop triggered at 3335. SL hit at 3330 ❌

Buy stop triggered at 3340. TP hit at 3345 ✅

Buy stop triggered at 3345. Result pending.

+400 pips for the day. +2000 pips for week from buys and sells.