Gold Counter for a bullish pullback
I am expecting a pullback to last week high 1956
We have a bullish wide RSI divergence, with a stochastic RSI crossover while price at a monthly resistance area and daily 100EMA acting as dynamic support.
We also have a lower low already formed to continue the down trend this week we need a lower high which will be formed by attacking any of the resistance above all the way to last week high
This will be a countertrade so I am using 25% of my usually lot size. Risky trade.
We have a bullish wide RSI divergence, with a stochastic RSI crossover while price at a monthly resistance area and daily 100EMA acting as dynamic support.
We also have a lower low already formed to continue the down trend this week we need a lower high which will be formed by attacking any of the resistance above all the way to last week high
This will be a countertrade so I am using 25% of my usually lot size. Risky trade.
Nota
Just update the price action from the charts. CheersNota
Just update price action to see TPs being hit on the way
Aviso legal
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