Trade update on the signal that was given yesterday on Gold.
Prior to placing this trade, DXY was rejected to the upside and making a pullback.
all the major pairs including the pound that I also took yesterday were rallying.
I have screened Gold thoroughly on the higher tf starting from weekly down to the hourly for any possible setups.
On the weekly, Gold has retested its major support level at 1730. I knew that Gold was going to bounce into this level, we took advantage of that and we also took a long position on Tuesday (New York Session Time)
On the H4, we have seen a strong confluence on the RSI followed by a bullish price action that's also confirmed down to the hourly.
FOR REFERENCE: PLEASE CHECK MY PREVIOUS TRADE ON THE LINK TO RELATED IDEAS DOWN BELOW
PATIENCE IS KEY
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