The possible long position in GOLD.
If you followed the previous idea on gold, you may in a profitable position.
As the market structure is turned bullish from bearish consolidation, every pullback may a long signal for us.
Hence, expecting the gold has a retracement to EMA 50 ('Grey Area') and you may wait for a better entry for position execution if price action confirmed.
Please follow the risk management strictly and the price confirmation for the position execution.
Please note that NFP week may bring certain volatilities toward the market, you're suggested using lower risk strategies for position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
If you followed the previous idea on gold, you may in a profitable position.
As the market structure is turned bullish from bearish consolidation, every pullback may a long signal for us.
Hence, expecting the gold has a retracement to EMA 50 ('Grey Area') and you may wait for a better entry for position execution if price action confirmed.
Please follow the risk management strictly and the price confirmation for the position execution.
Please note that NFP week may bring certain volatilities toward the market, you're suggested using lower risk strategies for position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
Trade attivo:
Although the price didn't touch on EMA 50 but it showed a perfect of resistance turned to support.
May expect the gold move higher this week.
May expect the gold move higher this week.
Commento:
Updated.
Commento:
As mentioned, the EMA 50 in 4H timeframe is possible support for us to take in a long position for GOLD.
Where you can look from the chart below, the EMA 50 is almost be reached.
Where you can look from the chart below, the EMA 50 is almost be reached.
