There is an opportunity to buy GOLD if it breaks the descending line.
As shown on the chart, there is possibly an ABCD pattern that can make the price fall a bit before the possible rally.
Stop can be put under the last low, when entered. Target is at the 0.618 fib retracement. However, to get the most out of the trade, we need to see how it acts up there.
As shown on the chart, there is possibly an ABCD pattern that can make the price fall a bit before the possible rally.
Stop can be put under the last low, when entered. Target is at the 0.618 fib retracement. However, to get the most out of the trade, we need to see how it acts up there.
Comment:
Add to position and move SL to B/E.