Gold has turned into an uptrend, broken a major resistance zone, as well as a smaller resistance zone, to make it a support. Price has come back down to retest the zone as a support, gave a retest, the close of the previous candle was a good entry for the buy. We could see a push up, as there is no structures to the left to stop price from going up? However, it is Monday and we should be cautious on Mondays.
Also if we break above the small double to structure to the left, we could go up, if not, we could see a small draw down
Also if we break above the small double to structure to the left, we could go up, if not, we could see a small draw down
Order cancelled:
Price caught in a flag pattern. But I still see a possible buy...Patience
Trade active:
Patience...Caught 2 buys since this trade, analysis was on point, they just delayed thew process