GOLD BUY

21 нояб. 2019 г.

Based on 4hr chart, we can see that there are higher lows and higher highs being formed, with long multiple wicks rejecting the downside around the 1468 area. There's also a beautiful ascending channel developing. These confluences are enough to give me a Bullish bias. The SL is very tight due to the current economic conditions, especially as the ongoing US-China trade talks could cause Significant price movements in either directions.

ENTRY: 1467.50
STOP LOSS: 1464
PROFIT TARGET 1: 1480
PROFIT 2: 1490

RATIO: 7:1