After a massive drop price in gold has entered a key support zone where it's consolidating. In RSI it's clear that we have a bullish divergence which showing that this sell off it's about to be over.
For a proper entry in this one we should wait for a breakout of the short term resistance level. Stoploss should be placed just above the previous swing low and as for target we should aim the median line of the fork.
Like and comment if you agree,
John
For a proper entry in this one we should wait for a breakout of the short term resistance level. Stoploss should be placed just above the previous swing low and as for target we should aim the median line of the fork.
Like and comment if you agree,
John
Trade active
Trade closed: stop reached