Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Gold Trying to Break Higher
2021-08-13 • Updated
Gold H4 Chart
Gold Daily Chart
Gold managed to recover over 50% of its flash crash that occurred at the beginning of this week. After stabilizing above 1725, we issued a long signal at 1730 two days ago, and gold managed to rise all the way to 1759 until this report is released. In the meantime, it would be wise to move the stop to our entry to protect our position from any possible loss, while a weekly close above 1750 and preferably above 1760 would be another bullish sign not only on the short-term but on the medium-term as well.
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1717.85 | 1734.39 | 1743.65 | 1750.93 | 1760.19 | 1767.47 | 1784.01 |
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Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...