GOLD - Wait for the possible bottom + possible H&S
已更新
Good weekend everyone,
Gold as i've said on previous ideas is not ready to take off toward 1400 zone yet, and for that we must wait the proper opportunity to buy it.
Weekly timeframe we can see the price failing to create a new HH and now we have a bearish engulfing candle removing all the progress from 3 weeks past, all this added to a hidden bearish divergence on RSI.
Daily timeframe we have a possible (not confirmed yet) H&S formation, price did a good selloff and now rejected 50ema as resistance, bearish sign .
H4 we had a huge sell off movement and now i expect some consolidation period before another big movement.
Personal strategy: wait for the bottom for a big RxR opportunity to long
Optional: Its possible to short aiming ~1275 on lower timeframes after pullback + rejection, its risky.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Gold as i've said on previous ideas is not ready to take off toward 1400 zone yet, and for that we must wait the proper opportunity to buy it.
Weekly timeframe we can see the price failing to create a new HH and now we have a bearish engulfing candle removing all the progress from 3 weeks past, all this added to a hidden bearish divergence on RSI.
Daily timeframe we have a possible (not confirmed yet) H&S formation, price did a good selloff and now rejected 50ema as resistance, bearish sign .
H4 we had a huge sell off movement and now i expect some consolidation period before another big movement.
Personal strategy: wait for the bottom for a big RxR opportunity to long
Optional: Its possible to short aiming ~1275 on lower timeframes after pullback + rejection, its risky.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
註釋
No big deal so far, just sideways moving as expected.HS is still not complete just to be clear and no trading opportunity so far
strong resistance above, strong support below =)
註釋
Testing neckline right now, lets see how daily candle will close.註釋
The HS formation is not invalidated yet but only a break under neckline will validate it for sure.
相關出版品
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。