Hello traders.
We have recently observed the rally of market in terms of precious metals.
Friday's NFP was positive but both gold and silver were not sinked. Just a drawdown and straight ahead back up.
If you switch to both 1D and 1W Timeframes, you will see a strong bullish trend.
According to the trend, I am seeking for buying areas. So, I trapped the Fibo between SH and SL with flags and I drew my support - resistance levels
as usual.
Price has broken 3rd of May Orderblock area (bearish) - strong supply zone.
We have recently observed the rally of market in terms of precious metals.
Friday's NFP was positive but both gold and silver were not sinked. Just a drawdown and straight ahead back up.
If you switch to both 1D and 1W Timeframes, you will see a strong bullish trend.
According to the trend, I am seeking for buying areas. So, I trapped the Fibo between SH and SL with flags and I drew my support - resistance levels
as usual.
Price has broken 3rd of May Orderblock area (bearish) - strong supply zone.
Trade active
Trade closed: target reached
Comment:
+102 pips full tp hit