On the 2 Hour timeframe, another pattern is in the making. If it so happens to be a morning star doji (one bearish candle, followed by one where the market is undecisive, and ending with a bullish candle), we will see a market reversal and Gold will enter into a bullish upward trend on the 2 hour timeframe. I have highlighted the pattern for you.
Please allow for the pattern to complete before making your move. In my previous post, I mentioned how it was good to wait it out. A good trader is one that knows when to wait and when to execute orders. For now, wait for this pattern to complete, and if it does, go long.
Please allow for the pattern to complete before making your move. In my previous post, I mentioned how it was good to wait it out. A good trader is one that knows when to wait and when to execute orders. For now, wait for this pattern to complete, and if it does, go long.