1. weekly candle closed above my weekly level (1.24187) -Momentum long
2. hit daily level (1.23814) so i think we hold this level and push to the next daily level
wait for a small pullback with entry confirmations before buying
target 1: 1.25252
target 2: 1.25842
- really strong resistance level on weekly/monthly timeframe
- last weekly candle bearish (took 2 weekly lows)
- reject daily level (1980.42)
- hit daily sell area
my outlook for the next few days for gold also next week. I am bearish on gold and see 480 pips dropping
target 1 is 1958.20
