GOLD Risky Local Long! Buy!
Updated
Hello,Traders!
GOLD bounced off the horizontal support
Just as I predicted but the marker returned it back down
And the pice action looks bearish to me
However, the support is strong
And a local long provides a good R:R
So while risky, statistically its a win anyway
I suggest we wait for a reversal pattern to appear on 1H TF
And only then enter the position!
Buy!
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Note
There is a mistake in in the "short" near the title, It was meant to be a long, just a typo!
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