Futures OroLong
GC LONG from 2675-2680 targeting 2700-2710
Gold future contract was traded in an up trend for the past following days, after the huge correction we had from 2760 to the ~2600 level.
from there - we gained momentum and buyers that took the price all the way up to 2710 again.
yesterday we got a big daily correction candle that took us back to 2680.
2675-2680 is a big AOI for this asset, and I expect buyers to come in and make the price bounce around 1% back up (2700-2710), where I will want to take profit and recalculate the odds for holding it to 2750 or let go.
Stop would be bellow 2670-2675, good luck
BHNVN
from there - we gained momentum and buyers that took the price all the way up to 2710 again.
yesterday we got a big daily correction candle that took us back to 2680.
2675-2680 is a big AOI for this asset, and I expect buyers to come in and make the price bounce around 1% back up (2700-2710), where I will want to take profit and recalculate the odds for holding it to 2750 or let go.
Stop would be bellow 2670-2675, good luck
BHNVN
Hagai VInik
Hagai VInik
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