Gold Chart Technical Analysis:-
Gold Chart Technical Analysis and Possible Trade Setup Show you the perfect picture of the gold chart and possible trading opportunities.
Gold starts moving below the pivot and breaks support on trading yesterday, but still looks bullish divergence and the price is still in the previous demand zone.
Gold Chart Technical Analysis First option:
-Open long positions if the price breaks and moves above the pivot
-TP 1 at the first daily resistance
-TP 2 to the second daily resistance
-SL in the pivot or in the last swing low.
-Wait for confirmation to open a position
Dow Jones 30 Index Stocks Contribution Heatmap
Gold Chart Technical Analysis Second Option:
-Open short positions if the price goes to the second daily resistance
-TP 1 at the first daily resistance
-TP 2 is the first daily support if the price breaks down the pivot
-SL at the second daily resistance or at the last swing high
-Wait for confirmation to open a position
Gold Chart Technical Analysis Third option:
-Open short positions if the price turns out to be unable to break and stay above the pivot
-TP 1 is the first daily support
-TP 2 is the second daily support
-SL in the pivot or in the last swing high
-Wait for confirmation to open a position
