GC/Gold 1H Buy Idea 6/15/24
Updated
Price has broken the trendline and has now retested on the other side with a hammer forming as the market closed. Looking for price to continue bullish into next week.
Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Keep in mind that price could very well break below the trendline again to form a M with the double top that is possibly forming as well. BUT I'm leaning more towards the buy because of price currently coming to the 1/4H Highs from 6/12/24
**This is for educational purposes only and this is not financial advice because I am not a financial advisor.**
Trade closed: stop reached
SL was hit on buy idea and price hit the 1H trendline before bouncing back bullish again
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