Gold bullish structure formation
Updated
1-Day:
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.
1-Hour:
Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.
Trade active
Gold hits first target, we could see price stalling a bit as we're on end of the week close.
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