GOLD-Spot: Bullish Fakey Setup |23-3-22
GOLD – SPOT: Potential Multi-Bar Bullish Fakey Setup
Price Action: Price formed a potential Multi-Bar Bullish Fakey Setup, overnight.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, mid-last week
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current potential Multi-Bar Bullish Fakey Setup, with risk management below the Fakey Bar.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a price action signal on a daily, 4 hourly, or 1 hourly chart, at or just above the $1853 – $1877 short-term support area.
Price Action: Price formed a potential Multi-Bar Bullish Fakey Setup, overnight.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, mid-last week
Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current potential Multi-Bar Bullish Fakey Setup, with risk management below the Fakey Bar.
Potential Trade Idea 2: We are still considering buying on a retracement lower and after a price action signal on a daily, 4 hourly, or 1 hourly chart, at or just above the $1853 – $1877 short-term support area.
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