I have been stalking the precious metal as it broke the 1935 zone that was left unretested and now the retest has come that confluences with the 61.8 level of Fib. Furthermore an Inverse Head and Shoulders reversal pattern seems to be in c0mpletion as currently price sits on the right shoulder and I anticipate long swing positions for some time upcoming there.
I would like to go long if there is a reversal candlestick pattern indicated on the level or reversal chart pattern.
I would like to go long if there is a reversal candlestick pattern indicated on the level or reversal chart pattern.
Trade active:
Gold looks to have picked up the direction with a rejection around 1935 zone as price failed to close below the confluence zone. I anticipate bullish continuation towards 2010 level as price has covered 70 pips so far since entry.