my bias on gold completely changed, I was anticipating for price to fall some pips to the downside as we did form on a triple top which can be found on the 4hr/1hr time frames, however on thursday/friday gold starting to rally to the upside, with a huge bullish engulfing candle stick formed on the daily. Price is now starting to pull back, look to enter this trade from as low as possible, but look for bullish momentum before enter. Use proper risk management. But this trade does look like a good set up to get up to as I'm expecting price to head up to around the 1330 area. Keep your eyes on gold in the next upcoming weeks
Trade ativo
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update on gold, as we can see when pressing play price has spiked of my resistance levelf of 1326, and then creating a evening star before some bearish momentum. Will be sitting on the sidelines with gold and await a perfect buy opportunity for this pair
Comentário:
gold is now trading around the 1430 area, was anticipating a long term buy on this as predicted back at the start of the year
