XAUUSD Long 12/23/2021
Happy Holidays to all.
Here's an idea I have for GOLD on the H1 timeframe.
As we were making Lower Highs (LH) and Lower Low (LL), market reached a strong point which then lead to a break of the most recent Lower High (LH). No doubt that the bulls are now in control. Since it's best practice to enter a sell at a Lower High (LH) and a buy at a Higher Low (HL), I'm expecting GOLD to have a retracement before I consider buying.
1797 is the price point where we may see a test before going higher. Of course there's also the possibilities of GOLD continue its way up without any drawback in price. Let's see!
Please feel free to share ideas, recommendation, and ask any questions. Let's grow together in 2022.
Merry Christmas !!!
Here's an idea I have for GOLD on the H1 timeframe.
As we were making Lower Highs (LH) and Lower Low (LL), market reached a strong point which then lead to a break of the most recent Lower High (LH). No doubt that the bulls are now in control. Since it's best practice to enter a sell at a Lower High (LH) and a buy at a Higher Low (HL), I'm expecting GOLD to have a retracement before I consider buying.
1797 is the price point where we may see a test before going higher. Of course there's also the possibilities of GOLD continue its way up without any drawback in price. Let's see!
Please feel free to share ideas, recommendation, and ask any questions. Let's grow together in 2022.
Merry Christmas !!!
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