Gold remains with the opportunity to rise!
Yesterday we looked at a possible upside move on GOLD.
What we said was that this idea was still not fully confirmed and that we shouldn't use a big lot size if we want to get involved.
Considering that price can't gather enough strength to rise,
then we could see GOLD testing the 1805 level again before it begins the upside move.
Our idea is that if we get a re-test of that level and price leaves a wick there we could be looking for buy entries.
This could also be additional entry to an already existing position.
This setup is only valid while price is above 1795!
What we said was that this idea was still not fully confirmed and that we shouldn't use a big lot size if we want to get involved.
Considering that price can't gather enough strength to rise,
then we could see GOLD testing the 1805 level again before it begins the upside move.
Our idea is that if we get a re-test of that level and price leaves a wick there we could be looking for buy entries.
This could also be additional entry to an already existing position.
This setup is only valid while price is above 1795!
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❓ If you got questions: t.me/Semkov
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