At press time, it looks like US equities are in for a strong open. For GOLD, that means prices are bearing down on a key technical area:
Daily 62% Fibonacci Retracement, 1951.66
Here's the trade:
1) Buy 1952.50
2) Stop Loss @ 1948.25
3) 1:2 Profit Target, 1961.00
Ideal timing for this GOLD long is just ahead of today's Wall Street close.
Daily 62% Fibonacci Retracement, 1951.66
Here's the trade:
1) Buy 1952.50
2) Stop Loss @ 1948.25
3) 1:2 Profit Target, 1961.00
Ideal timing for this GOLD long is just ahead of today's Wall Street close.
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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.
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.