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YourLazyTrader
Aug 2, 2020 2:37 PM

Gold trading idea: Wait for pullback and then buy 

Description

Gold's uptrend is intact and the pullbacks should be viewed as buying opportunities as I have mentioned previously in my ideas. Currently, the 1980 level is offering some resistance but a bullish breakout looks very likely.

If you look at the chart, you can see that price is creating Higher Lows(HLs) on the hourly every time it pulls back from the resistance level.

So, if you see a pullback towards the 100H EMA once again, consider buying Gold and target the 2020 area as TP.
Comments
kcp894fx
This was great to see, good job!
Wolf_of_Trading
nice work bro , i also wait for the same move ;)
isaiahterrence
Great analysis you were spot on last week and I think you will be right again this week!
YourLazyTrader
@isaiahterrence, Thank you . Let's see what happens this week :)
Forex-Edge
Looks good!!! Thanks for sharing!!!
YourLazyTrader
@JuanCruzMontes, Thanks :)
Hendru
Thanks for the review, dear
YourLazyTrader
@Hendru, No problem :)
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