GOLD OUTLOOK - 14 November 2019
Hi Guys,
Based on D1, we have started a new cycle of BULLISH run towards the upper trend line at 1504. Where if it breaks, further run to the upside is possible. Failure to break 1504 will trigger a downward move.
Looking at H4, a cup and handle has been formed, thus we expect a move higher today.
In H1, I've marked few resistance and support to monitor, pink lines are resistance, blue line is immediate support.
Trading Plan;
1. Bullish run, target 1484.
2. Entry at pullback
3. BUY LIMIT at 1461, TP 1471, SL 30 pips
4. BUY STOP at 1467, TP 1471, Long TP 1484, SL 30 pips
Good Luck
Based on D1, we have started a new cycle of BULLISH run towards the upper trend line at 1504. Where if it breaks, further run to the upside is possible. Failure to break 1504 will trigger a downward move.
Looking at H4, a cup and handle has been formed, thus we expect a move higher today.
In H1, I've marked few resistance and support to monitor, pink lines are resistance, blue line is immediate support.
Trading Plan;
1. Bullish run, target 1484.
2. Entry at pullback
3. BUY LIMIT at 1461, TP 1471, SL 30 pips
4. BUY STOP at 1467, TP 1471, Long TP 1484, SL 30 pips
Good Luck
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