Long for a short term - careful, because against the trend.
Since the deal from this morning came to fruition quickly (too much?..) I believe that the canal lines will be preserved, especially since it stopped at a strategic place.
It seems that an upward correction is expected, check the 200 average from the bottom (if further down the road is expected for gold - I don't know), and other averages that he quickly moved away from.
A moderate and slow increase, I think it will show strength. Fast rise with low volume - you will show weakness (and another trap).
The percentage drop square drawn in the middle indicates the size of the head and shoulders drop, so in my opinion he has more room to drop, not to mention momentum.
According to the form of the rise, I will consider whether to advance a stop/partially exercise/wait for the upper limit of the channel.
Good luck to everyone
It seems that an upward correction is expected, check the 200 average from the bottom (if further down the road is expected for gold - I don't know), and other averages that he quickly moved away from.
A moderate and slow increase, I think it will show strength. Fast rise with low volume - you will show weakness (and another trap).
The percentage drop square drawn in the middle indicates the size of the head and shoulders drop, so in my opinion he has more room to drop, not to mention momentum.
According to the form of the rise, I will consider whether to advance a stop/partially exercise/wait for the upper limit of the channel.
Good luck to everyone
Trade active:
long 2046.3
dxy neer resist line and down trend line.
I think that supports the long