Hey team!
We saw a LOT of volatility in the gold market last night, with the high-impact USD news coming out. This saw big spreads as brokers hedged.
If we take another look, we can see that our fundamental analysis actually remains unchanged, despite this volatility.
Now that things have calmed down again, we can see we are still in a 5 point correction to the major descending trendline.
I have re-drawn the chart for you so that you can see the best points of entry.
The great thing about having a tight stop loss is that we can absorb these small issues like volatility - and hit the mark when we need to.
Like my work? Please be sure to like, comment, share, and subscribe. I would love to hear from you, and the support really means a lot.
Good luck, trade safe.
DrBear
We saw a LOT of volatility in the gold market last night, with the high-impact USD news coming out. This saw big spreads as brokers hedged.
If we take another look, we can see that our fundamental analysis actually remains unchanged, despite this volatility.
Now that things have calmed down again, we can see we are still in a 5 point correction to the major descending trendline.
I have re-drawn the chart for you so that you can see the best points of entry.
The great thing about having a tight stop loss is that we can absorb these small issues like volatility - and hit the mark when we need to.
Like my work? Please be sure to like, comment, share, and subscribe. I would love to hear from you, and the support really means a lot.
Good luck, trade safe.
DrBear
