Long Gold..
Updated
Why? 5 reasons
1. Bullish wolfe potential
2. Support tested 4x
3. Last 1H bullish engulfing candle
4. Good R/R
5. Contrarian trade, lots of people are bearish gold now
Final confirmation is a good close above daily pivot. Watch the candles.
1705 holds and I believe a test higher needed before a major move.
Always have a solid plan when to enter a trade. Dont follow people or execute a trade blindly. Set your own TP and trailing stop.
1. Bullish wolfe potential
2. Support tested 4x
3. Last 1H bullish engulfing candle
4. Good R/R
5. Contrarian trade, lots of people are bearish gold now
Final confirmation is a good close above daily pivot. Watch the candles.
1705 holds and I believe a test higher needed before a major move.
Always have a solid plan when to enter a trade. Dont follow people or execute a trade blindly. Set your own TP and trailing stop.
Note
Looks like we clear the daily pivot.Note
Note
I hope you dont put the SL exactly at the low...No denial that support are very strong in this point of time...
Note
Alternatively, wait for a breakout.Note
Note
Pay attention to this closing candle in 15m, bear engulfing means, bail our long, else keep. It will go up.Note
I believe we will break up daily pivot in 30m. Set your own tp and sl.I believe it can hit 1727 at least today.
Note
Our party is ruined by Powell. He is considering increasing rates... Oh well..
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