Trade Background:
Gold is currently forming a triangle structure. A buy position may be wise at this point considering that the global market is approaching correction territory. In which, if the market continue its move lower, it will most likely give gold a bullish push.
Trade Idea:
Positioning: Buy
Time frame: 1H
Length of Trade: 1 day to 3 days
Entry: Between 1277.00 to 1278.00
Stop: 1279.00
Exit: 1284.00
Gold is currently forming a triangle structure. A buy position may be wise at this point considering that the global market is approaching correction territory. In which, if the market continue its move lower, it will most likely give gold a bullish push.
Trade Idea:
Positioning: Buy
Time frame: 1H
Length of Trade: 1 day to 3 days
Entry: Between 1277.00 to 1278.00
Stop: 1279.00
Exit: 1284.00