In Daily Time Frame Gold is in Uptrend way.
First Support has shown on the chart.
Chart will be updated....
First Support has shown on the chart.
Chart will be updated....
Trade active
Price has reached to the support area . First Target would be 3330.
There was a good engulfing candle in 1h Time Frame.
Our Stop Loss is under the area.
Lets see what happened ...
Note
Price still has been supported by introduced Demand area.It still has not been reached to the first target. Because there is not enough power for gold to take a good action.
Should wait for opening Markets this week...
Trade closed: target reached
First Target has been reached.Next would be 3440!
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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.