Here we are in a overall bullish trend and here I am using the trends in trends strategy
I would be waiting for a break above the small bearish move to continue to the upside,the comes the restest of the break and am riding to the upside
Gold finally breaks out from the descending channel it's been in and it's now giving us a retest on the break out area ...
Here we have two scenarios...it's either that it shoots up from the support zone here or that it movest further down to clear out People's stoploss before heading back up
But for now I would be looking to for a double buttom confirmation
I happen to see a long move about to happen to the upside after the bounce on the last floor area ...that's probably gonna be the end of the previous sell move....
Am on buy and an buy in it for a long term period
Before you enter this trade use proper risk management
I am not in the trade already
I am just waiting for the market to cross the last pullback area before I enter for a sell
That means I would be waiting for a little pullback or another type of price action to enter the trade