GOLD; New All Time Highs... or Double Top?✨ We provide charts every day ✨
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Ya'll ready to turn some Gold into some Green? Let's get to it. Gold has been in an uptrend for a while now. We are currently looking for some consolidation to give us a fresh long entry.
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STRATEGY USED: Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing an uptrend (Green background color) for GOLD on the 1 hour chart.
2. With this strategy, we want to take long positions ONLY when Fractal Trend signals an uptrend AND then Breakaway Scalper signals a long entry in the uptrend by showing a Green bar color.
3. We just saw a reaction off of R1 resistance, giving us what looks to be at least a temporary double top.
4. Currently we are looking for a reaction at the bullish orderblocks at S1 where we hope to see Breakaway Scalper signal a long entry.
5. If S1 can't hold, we will be looking at S2 and S3 for support as well.
