Gold- A 'golden' trade plan.
Gold broke out to the downside from a very long term ascending trend line...but shld we sell?.
The answer to that will be not yet till we get a break and retest after violation of the lower timeframe ascending trend line.
If Gold negates this sell and becomes bullish, long setups shld be sought for on breakout of the denoted region.
This is just my idea, observe riskmanagement.
The answer to that will be not yet till we get a break and retest after violation of the lower timeframe ascending trend line.
If Gold negates this sell and becomes bullish, long setups shld be sought for on breakout of the denoted region.
This is just my idea, observe riskmanagement.
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