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.
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Looks like we clear the daily pivot.
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I hope you dont put the SL exactly at the low...
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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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.
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Our party is ruined by Powell. He is considering increasing rates... Oh well..