Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Gold will continue to consolidate
2021-06-21 • Updated
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
However, in the short term, the price is likely to rebound after technical signals. Therefore, we recommend accumulating Buy orders at the support.
Trade idea
Buy: 1192.00, 1186.00, 1178.00
S/L: 1170.00
TP1: 1207.00, TP2: 1212.00, TP3: 1218.00
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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...