Gold getting closer to a very good PRZ. At that level we have previous structure support, we also have Fib cluster 61,8 and 38,2, we also have possible completion of AB=CD at 1,618 fib extension.
Comment:
Gold still not at the right level, and now making what looks like a bearish flag for possible more down to reach the completion level of this move.
Trade active:
Trade closed: stop reached:
No signs of bulls yet :)
Comment:
Looking for a possible double bottom or any other good long signale at this level for another try long :)
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Gold is fighting back a little, but it's friday and i think market will go in ZZzzzZZZzz mode soon. So to go long next week i want to see something similar to this in the chart.
Comment:
Possible break of the lower range, wait for the close of the 1H candle and if we have possible retest.