Trading Gold and Oil. As you know, I typically trade these products on a longer-term perspective due to their volatility compared to the FX market.
Recently, I have noticed a Bullish Shark Pattern confirmation on gold, which presents two potential approaches.
Option 1 would be to engage the trade immediately if there is a retest at $1,819.37. This is because the Shark Pattern has completed, and a retest could be an excellent opportunity to enter the market.
Option 2 would be to wait for a retest on the support level of the 1hourly chart at $1,814.97, as long as the market doesn't close below $1,810.12.
Alternatively, if you are interested in shorting opportunities, the sell zone on the 4-hourly chart could be an opportunity for you.
Which option do you think would be the best approach?
Recently, I have noticed a Bullish Shark Pattern confirmation on gold, which presents two potential approaches.
Option 1 would be to engage the trade immediately if there is a retest at $1,819.37. This is because the Shark Pattern has completed, and a retest could be an excellent opportunity to enter the market.
Option 2 would be to wait for a retest on the support level of the 1hourly chart at $1,814.97, as long as the market doesn't close below $1,810.12.
Alternatively, if you are interested in shorting opportunities, the sell zone on the 4-hourly chart could be an opportunity for you.
Which option do you think would be the best approach?
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