Here we see gold breaking up making higher highs from the previous down trend marked by the trend line . It has broken resistance where my stop loss will be just below. I will wait for a retest and reject on the 15 min time frame and then enter.
Here we have seen gold attempt to correct back up to the the 1975-2000 area. you can see with the trend line it has been making lower highs. We then had another breakout to the upside price spiked up to resistance and got rejected at this major level. It corrected to support and climbed back up for one more rejection. This is the 5th time price has been rejected...