This leg is a demonstration of how and where an advance on the right break should be punished.
Buyers reclaiming $1.860 yesterday while the inauguration/coachella took place and now $1,875 for the European open is sending last minute ⚠️ signal of ECB preparations. The technical breach illustrates the lust to expand, the momentum has been bottled up for a while.
The swing chain demands a test of $2,015, play with the break because we are now into a very usable ECB territory. Global is starting to show signs of creeping higher (see the explanation) so expecting Lagarde to be slightly on , neutral on growth, no changes in rates and the usual bs 'watching the currency closely'.
All in all the valid plan here is for Gold higher via . Buyers are already trying the attack, it is quick to set in motion an impulse and buyers have formed a very strong defence at $1,803. Therefore remain long and play the continuation.
Thanks as usual for keeping the feedback coming 👍 or 👎
its always making false break