GOLD / XAUUSD long idea
Price is just consolidating above 1875 support after yesterday liquidation.
Consolidation above support or below resistance always (90%) means rejection, so i expect a new high to be made near 1925.
Price also started making higher lows (HL) meaning that the next direction could be up.
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Consolidation above support or below resistance always (90%) means rejection, so i expect a new high to be made near 1925.
Price also started making higher lows (HL) meaning that the next direction could be up.
Like and subscribe for more!
Note
Moved stop loss at 1870Note
Price just reject 1875 another time, up rally confirmedTrade closed: stop reached
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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.