LONG GOLD
Pros
Cons
Strategy
- Lateral on daily timeframe.
- Bullish on longterm.
Cons
- Countrend on hourly timeframe.
- The strength of the dollar is bad for the commodities.
Strategy
- The gold is on a lateral channel. Long at the bottom and short at the top.
- RSI divergences on hourly timeframe.
- The candle could be a hammer on the support zone.
- Close a half at the middle of the channel, and the other half at the top.
Trade closed: stop reached
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