Gold - Bullish and here's why

Jul 17

Price traveled within the Red Fork, until it broke the CIB Line, which is indicating a Change In Behavior.

From there on, sideways action, until the break of the Red U-MLH happened.

After the close above the Red U-MLH, price has tested it the 3rd time now. At the time of writing, the Bar looks like a PinBar. So it has good sepparation from the bottom, or a long Down-Wick. That's indicates good strenght.

To me this looks like a good long trade, but as everytime, play it save and don't let greed eat your brain ;-)

Jul 22

Trade active

Long?
May go B/E or take some profit, at least at the Centerline.

Jul 26

Trade closed: target reached

Now that was a blast §8-)