Gold go back in wide trading range.What is the good trading plan

21 ago

✏️Gold broke the Trendline and returned to the wide trading range from 3330-3360. The accumulation range for many days will continue to be relied on by investors to execute entry points. The correction from the beginning of the Asian session today is aimed at the target of 3332, which is the convergence zone of the lower boundary and the 0.5 fibo retracement of yesterday's wave. In terms of wave structure, if it bounces from this area, it is very likely to create a new uptrend towards 3378. On the contrary, the closing of the H1 candle below 3332 will confirm the return of the Down wave and continue towards the target of 3385 in the shortest time.

📉 Key Levels

• Buy trigger: retest 3332 with the reaction of the buyers
• SELL trigger: Break and trading bellow 3332 ( Break bellow trendline)
  
• SELL DCA trigger Break 3320 supports the convergence of the trendline and the old break zone
  

• Support 3332-3320-3310-3300-3285
  
• Resistance 3358-3378
  

Leave your comments on the idea. I am happy to read your views.

21 ago

Trade attivo

Candlestick sweeps liquidity to 3325 and bounces above support 3332

24 ago

Trade chiuso: obiettivo raggiunto

Support 3320 + 400 pipss

24 ago

Nota

target reach