Hello my dear friends,
As a continuation of my previous idea:
This analysis should not be considered for those who didn't catch gold at support because it would induce high risk trade.
Gold successfully reached the resistance level and now the prices has over 90% of probability to exceed that level, I took two positions at that level, and I closed one and left the second one for more profits if markets successfully goes above the resistance, which I'm more biased toward it.
So the right situation to be considered now is to carefully chase market, and yeah we may experience some consolidation before going above that level, and if that happen I'll update this idea for the most suitable entry point.
Good luck and to be updated...
As a continuation of my previous idea:
This analysis should not be considered for those who didn't catch gold at support because it would induce high risk trade.
Gold successfully reached the resistance level and now the prices has over 90% of probability to exceed that level, I took two positions at that level, and I closed one and left the second one for more profits if markets successfully goes above the resistance, which I'm more biased toward it.
So the right situation to be considered now is to carefully chase market, and yeah we may experience some consolidation before going above that level, and if that happen I'll update this idea for the most suitable entry point.
Good luck and to be updated...
Trade closed: target reached:
Take your profits now,
