The opportunity on gold!
Yesterday gold continued its rise. We are now at key resistance up at 1832, and right now price is holding.
What are the options right now?
With such a strong and confirmed upside move it's more likely to see price breaking above resistance.
And that's exactly what we're going to be looking for - break and retest of resistance.
This will be a much better entry compared to the opportunities that we had yesterday or earlier today!
We analyse every single day! That doesn't mean that we're always entering a trade.
What's important is that we find enough confluences for a potential setup and that we enter only when we have all of them available.
Otherwise we would have way too many positions and most likely a negative result.
If the market direction changes, we always have our stops placed at the right place and we're always ready to close a losing position so we can open another succesful one.
We never chase price or add to a losing position.
The trend is our friend and if it's moving south, then we're buying. If it's moving down, we're looking to sell.
We currently have 4 active trades and none of them are on gold.
We will enter a trade here only when we have a valid entry.
Good luck!
What are the options right now?
With such a strong and confirmed upside move it's more likely to see price breaking above resistance.
And that's exactly what we're going to be looking for - break and retest of resistance.
This will be a much better entry compared to the opportunities that we had yesterday or earlier today!
We analyse every single day! That doesn't mean that we're always entering a trade.
What's important is that we find enough confluences for a potential setup and that we enter only when we have all of them available.
Otherwise we would have way too many positions and most likely a negative result.
If the market direction changes, we always have our stops placed at the right place and we're always ready to close a losing position so we can open another succesful one.
We never chase price or add to a losing position.
The trend is our friend and if it's moving south, then we're buying. If it's moving down, we're looking to sell.
We currently have 4 active trades and none of them are on gold.
We will enter a trade here only when we have a valid entry.
Good luck!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.