Long Gold, Read description is a must Yeah, I’ll be honest , this one’s a bit of a forced setup. It’s not really my usual day trading style, and it doesn’t fully align with my playbook, but I still see potential in Gold here. I’ve been tracking the consolidation after that last leg down, and we finally got a breakout to the upside.
My broader view hasn’t changed though , I’m expecting a deeper correction once price taps that black line. If we get a retrace into the yellow box, that’s where I’d start looking for a long setup. But if price skips the retrace and tags the black line straight away, I’m sitting on my hands , that zone is a key decision point, and patience will pay off there. Once we confirm that the price is heading down, then we ride that wave down, if it happens.
