Hi guys
My last post on gold saw us hit TP1 before reversing and breaking out, changing from bearish to bullish momentum.
Hopefully, some of you caught the profit from that.
Now that the picture has changed, we have an opportunity to make money on the retest of structure.
Look for a break up of the trendline marked on the chart, either once it touches the trendline early, or - more ideally - if we get a confluence of fib level too.
GOLD can make or break you - be sensible and don't let a loss wipe you out.
Like my work? Please subscribe, like, and comment - it really helps me to make this better for all of you.
Good luck and trade safe
DrBear
My last post on gold saw us hit TP1 before reversing and breaking out, changing from bearish to bullish momentum.
Hopefully, some of you caught the profit from that.
Now that the picture has changed, we have an opportunity to make money on the retest of structure.
Look for a break up of the trendline marked on the chart, either once it touches the trendline early, or - more ideally - if we get a confluence of fib level too.
GOLD can make or break you - be sensible and don't let a loss wipe you out.
Like my work? Please subscribe, like, and comment - it really helps me to make this better for all of you.
Good luck and trade safe
DrBear
Trade active
Trade active - Scenario two. Le's go!
Trade active
We are still active. The NFP caused a spike, and we should see a slow push up next week.Trade active
Still active! Advise SL BE now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.