Another chance to go long on Gold.
Gold / 1D
First of all, congrats to all the traders who followed the bearish analysis on gold. It worked perfectly.
Gold is globally trading in a bullish trend according to the monthly time frame.
Recently, the price has broken the structure upward, indicating more bullish momentum.
A zone of interest would be the green zone, where are many confluences (Support + bullish trend line + the new bullish structure + Fib level) meet.
Trade safe,
Trader Leo.
Let me know your opinion on this idea, I would appreciate it if we engage in beneficial feedback.
First of all, congrats to all the traders who followed the bearish analysis on gold. It worked perfectly.
Gold is globally trading in a bullish trend according to the monthly time frame.
Recently, the price has broken the structure upward, indicating more bullish momentum.
A zone of interest would be the green zone, where are many confluences (Support + bullish trend line + the new bullish structure + Fib level) meet.
Trade safe,
Trader Leo.
Let me know your opinion on this idea, I would appreciate it if we engage in beneficial feedback.
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