GOLD - Buy Opportunity
Weekly Chart:
Bullish Pin Bar with the rejection of low price.
Daily Chart:
Friday - closed with a Marubozu candle, bullish engulfing pattern, and broke the short-term downtrend line
Watch out:
There might be a retest at the zone around broken trend
Action:
If we see a daily closed above 1746-1748, we are going to join the Bulls and T/P Target 1790.
Stop Loss:
Always set your SL
I suggest that set SL orders below 1717.
Bullish Pin Bar with the rejection of low price.
Daily Chart:
Friday - closed with a Marubozu candle, bullish engulfing pattern, and broke the short-term downtrend line
Watch out:
There might be a retest at the zone around broken trend
Action:
If we see a daily closed above 1746-1748, we are going to join the Bulls and T/P Target 1790.
Stop Loss:
Always set your SL
I suggest that set SL orders below 1717.
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