Why? 5 reasons
1. Bullish wolfe potential
2. Support tested 4x
3. Last 1H bullish engulfing candle
4. Good R/R
5. Contrarian trade, lots of people are bearish gold now
Final confirmation is a good close above daily pivot. Watch the candles.
1705 holds and I believe a test higher needed before a major move.
Always have a solid plan when to enter a trade. Dont follow people or execute a trade blindly. Set your own TP and trailing stop.
1. Bullish wolfe potential
2. Support tested 4x
3. Last 1H bullish engulfing candle
4. Good R/R
5. Contrarian trade, lots of people are bearish gold now
Final confirmation is a good close above daily pivot. Watch the candles.
1705 holds and I believe a test higher needed before a major move.
Always have a solid plan when to enter a trade. Dont follow people or execute a trade blindly. Set your own TP and trailing stop.
Comment:
Looks like we clear the daily pivot.
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Comment:
I hope you dont put the SL exactly at the low...
No denial that support are very strong in this point of time...
No denial that support are very strong in this point of time...
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Alternatively, wait for a breakout.
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Comment:
Pay attention to this closing candle in 15m, bear engulfing means, bail our long, else keep. It will go up.
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I believe we will break up daily pivot in 30m. Set your own tp and sl.
I believe it can hit 1727 at least today.
I believe it can hit 1727 at least today.
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Our party is ruined by Powell. He is considering increasing rates... Oh well..