If you are buying gold on our setups from 1160 then you must have a good profit until now on GOLD . This is another continuation setup on gold for more upside.
Lets come to the point.
How you can trade on this chart.
1. Repeat the same which you have done on the last setup. Watch bottom for long.
2. Look for buy on strong breakout.
Note. Gold has extend a lot and about to hit the weekly top. So any trade you take from bottom consider reasonable risk first and then trade. Because it can turn into daily correction if so we will look for that daily correction and will look for one more wave.
This setup will be invalidated if the trend is going to breakdown sharply. But before going short on Gold we will consider correction for downside.
Do you agree with my chart?