Hey guys,
so that is the kind of confirmation that I was waiting for.
it dramatically increases the winning probabilities!
GbayAMD
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yap, gold now move up and will retest the strong falling trendline again
and also form a descending triangle before break the strongest support to 1800 :)
I agree, this is definitely possible, all this zone here is strong support on the daily timeframe, the only bearish confluence come from the weekly and monthly, on which a deeper retracement is possible to the 38.2 fib taken on the monthly impulse
VasilyTrader
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@transparent-fx, have you already taken a trade or you are looking for additional confirmation?
transparent-fx
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@VasilyPonomarev, I am still not in, I am waiting for a clear break on the daily or a retest before joining any move, you?
VasilyTrader
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@transparent-fx, We bought with my students in the morning! Now fingers crossed!
US session drives
transparent-fx
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@VasilyPonomarev, let's see what the new COT report will bring, if it will be more longs, we can definitely continue up :)
so that is the kind of confirmation that I was waiting for.
it dramatically increases the winning probabilities!