gold has triggered for buy position and high risk trader can to enter to buy but in my idea ita a little dangerous for trade because of swinging and its better we let to gold for passing out of blue descending trend line toward upside or going down and breakout of red s/r zone
i believe its better we dint enter on high risk area and totally because of previous rising that was strong chart will return toward upside so by all i will looking for both of them ... detail is on chart so clear
strong uptrend ... buy after nice trigger for example a big bullish candle on daily or lower time frame
it can be a pullback to strong s/r zone uptrend... buy after bullish candle above the support
details on the chart and now we need to a good trigger e.g. big bullish candle
chart has respected to technical very nice ... enter to buy position after breakout and closing candle above red line
in my idea this wave is a correction for previous falling and im waiting for breakout of blue line on lower time frame and entry to sell position
downtrend... breakout ... it can be a pullback ... sell after bearish candle ... if triggered : sl = 113 tp =112.1
passing out of a important s/r zone ... uptrend buy sl = 8.35
uptrend... passing out of a price level ...buy sl =1.076
its a correction ... enter to buy position after breakout
downtrend... i see a corrective and ascending channel... im in but if you want to enter to trade my suggestion is after breakout of channel ... tp is lower green line
downtrend ...sell after breakout and closing candle below the trend line if breaking: sl = 0.93000 tp = 0.92200
downtrend ... sell after breakout toward down