simontien

Broken structure to the downside VS nice bullish momentum

FX:XAUUSD   Gold / 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
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out