Hello Everyone,
After the huge sell off from Friday & Sunday Gold has failed any further sell off.
Prices may have bottomed and POTENTIALLY created a ‘Monthly’ Double Bottom Pattern, ‘Weekly’ Triple Bottom Pattern & Four Hour Falling Wedge Chart Pattern.
I would love price to come back to re-test the Sundays bottom but we may not get another chance!
Based on this 'potential' evidence I will be looking to test my bullish bias. Please note this is a high-risk trade due to the current negative out I would recommend 0.5% /1% max risk and build on it IF we are correct.
Good Luck
After the huge sell off from Friday & Sunday Gold has failed any further sell off.
Prices may have bottomed and POTENTIALLY created a ‘Monthly’ Double Bottom Pattern, ‘Weekly’ Triple Bottom Pattern & Four Hour Falling Wedge Chart Pattern.
I would love price to come back to re-test the Sundays bottom but we may not get another chance!
Based on this 'potential' evidence I will be looking to test my bullish bias. Please note this is a high-risk trade due to the current negative out I would recommend 0.5% /1% max risk and build on it IF we are correct.
Good Luck
