Gold will Shine again...

18 сент.

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈After breaking above the $2,500 mark, Gold has been bullish trading within the rising red channel.

Currently, Gold is in a correction phase.

Moreover, the $2,475 - $2,500 is a strong support zone.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as non-horizontal support.

📚 As per my trading style:
As #Gold approaches the red circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich