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Friday, July 30, 2021

GOLD Swing Trade and Setup

GOLD Swing Trade and Setup


I am currently holding three positions on Gold (1 initial entry and two positions when price created a swing that meets my entry criteria). I am hoping to scale in and also make another final entry when price closes above the current zone. A break of the triangle pattern with a momentum candle could give be a confluence that price is continuing up and willing to break the current key area it has been consolidating in (8 & 14 EMAs have been moving close to each other). My initial target is 1800.00 on all positions. Should price not get to 1800.00, I will have at least locked enough profits.

This is not financial advice. Forex trading is risky. Trade at your own risk.

from TradingView Ideas
via gqrds

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