Hi guys
My last post on gold saw us hit TP1 before reversing and breaking out, changing from bearish to bullish momentum.
Hopefully, some of you caught the profit from that.
Now that the picture has changed, we have an opportunity to make money on the retest of structure.
Look for a break up of the trendline marked on the chart, either once it touches the trendline early, or - more ideally - if we get a confluence of fib level too.
GOLD can make or break you - be sensible and don't let a loss wipe you out.
Like my work? Please subscribe, like, and comment - it really helps me to make this better for all of you.
Good luck and trade safe
DrBear
My last post on gold saw us hit TP1 before reversing and breaking out, changing from bearish to bullish momentum.
Hopefully, some of you caught the profit from that.
Now that the picture has changed, we have an opportunity to make money on the retest of structure.
Look for a break up of the trendline marked on the chart, either once it touches the trendline early, or - more ideally - if we get a confluence of fib level too.
GOLD can make or break you - be sensible and don't let a loss wipe you out.
Like my work? Please subscribe, like, and comment - it really helps me to make this better for all of you.
Good luck and trade safe
DrBear
Trade active:
Trade active - Scenario two.
Le's go!
Le's go!
Trade active:
We are still active. The NFP caused a spike, and we should see a slow push up next week.
Trade active:
Still active! Advise SL BE now.
