just a quick update, last night just dipped on the SNR 55.59 and also the trend line is from daily trendline. expecting another dip before it continues to go up or break as it is already been tested yesterday. if it breaks then the bear is in control. will try to look for a buy on the TL and SNR with my own willing to risk stop loss.
Potential swing setup for gold, 1542.59 and 1538.25 is looking good for a sell. 1520.77 will be the first target to take profit. Main idea is to execute from SNR to SNR. if the bull breaks the 1542.59 and 1538.25, the sell will not be valid.
expecting a rejection on the trend line there's also a lower SNR below at 55.16, also a price to keep in view for a potential rejection. if the bull started expecting it to go to the higher SNR marked around 61.6 and 61.7
tradeatyourownrisk.
Victoria N.