GOLD - Potential Long?
Updated
As we can see the price breakthrough the resistance level of the formed tight weekly range. This means that bulls won the battle, right? So, let's see what we're looking for "technically". Probably most of technical analysts are looking to go long, if price test old resistance as new support. It's pretty logical. Okay, this will be our 1st possibility.
1st scenario: Look for buy signal around 1295 zone, targets 1307, 1336, 1356
2nd scenario: Look for sell signal if price closes below the "old resistance" 1295
3rd scenario: If price touches 1307 and rejected from that level, I'll be waiting for nice short-term sell setup.
trade-insider.com
1st scenario: Look for buy signal around 1295 zone, targets 1307, 1336, 1356
2nd scenario: Look for sell signal if price closes below the "old resistance" 1295
3rd scenario: If price touches 1307 and rejected from that level, I'll be waiting for nice short-term sell setup.
trade-insider.com
Order cancelled
missed the entry, price hit tp before it's activated
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