From TradingView · · 40s
Gold Breakout Spotted
Gold price breaks key resistance with two buy zones identified for 1500 pips profit.
In brief
Gold price breaks key resistance with two buy zones identified for 1500 pips profit. Gold price broke resistance at 4036.00 and targets 4036.00 with two buy zones for 1500 pips profit. Originally reported by TradingView.
Gold Breakout Confirmed
Gold price broke resistance at 4036.00 and retested the area for first buy entry.
“The price broke it and retest it for first time”
First Buy Zone Target
First buy entry at 4030.00 with target of 4036.00 for 300 pips profit.
“The price touched our nearest area for buy @ 4030.00 and moved +280 pips”
Second Buy Zone Target
Second buy entry at 4027.00 with target of 4036.00 for 550 pips profit.
“The price touched our best area for buy and reached the maximum target +550 pips”
Trade Conditions
Daily close below 4020.00 invalidates this strategy for 1500 pips profit target.
“If we have a daily closure below 4020.00 then this idea will not be valid anymore”
The big picture
Gold price broke resistance at 4036.00 and targets 4036.00 with two buy zones for 1500 pips profit.
