simontien

Broken structure to the downside VS nice bullish momentum

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             is in a well established downtrend and broken structure to the downside proves this trend's still strong enough to reach more southern price levels.
On Friday broken structure was retested by a long green candle. This last candle shows a nice bullish momentum to the upside.
That's why I'll be coservative placing a double stop order rather than sell at structure
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