Last week trading plan to short the pullback proved successful meeting both TP1&2. Please check last week analysis and update the price to confirm.
This week, I expect the bullish trend to resume.
Although Gold is in weekly consolidation triangle, the strong and rare Stochastic divergence (still in formation, so be careful), chart is signalling a bullish breakout. This is even supported by an event risk of Trump hospitalized.
There are two potential entries.
An aggressive entry to buy the open with SL below the triangle base with TPs towards the quarterly Resistance all the way to historic high
or
A conservative entry after the break and retest of the triangle to the same target.
Good luck. Trade at your own risk.
This week, I expect the bullish trend to resume.
Although Gold is in weekly consolidation triangle, the strong and rare Stochastic divergence (still in formation, so be careful), chart is signalling a bullish breakout. This is even supported by an event risk of Trump hospitalized.
There are two potential entries.
An aggressive entry to buy the open with SL below the triangle base with TPs towards the quarterly Resistance all the way to historic high
or
A conservative entry after the break and retest of the triangle to the same target.
Good luck. Trade at your own risk.
Good luck to any one took my idea