Gold seems to continue the pattern by forming a triangle pattern, a big chance of a break up, finishing the wave (E) in the weekly movement.
Daily Pivot:
R4 1222.63
R3 1214.83
R2 1207.03
R1 1202.76
Pivot 1199.23
S1 1194.96
S2 1191.43
S3 1183.63
S4 1175.83
Option :
-Open long positions in the pivot area
-TP at first and second daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
Daily Pivot:
R4 1222.63
R3 1214.83
R2 1207.03
R1 1202.76
Pivot 1199.23
S1 1194.96
S2 1191.43
S3 1183.63
S4 1175.83
Option :
-Open long positions in the pivot area
-TP at first and second daily resistance
-SL first daily support or previous swing low
-Wait for confirmation to open a position
Follow, thumbs up, and share for updates every day
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.