buy on the pull back

Gold has broken out of the large down ward wedge. I see current level as an area of resistance and an area for reversal. A harami candle stick pattern is an indication for short term trend change. Im looking at the pull back to find support at a 50% retracement of this last minor uptrend which lines up the breakout point of the wedge.

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The lower time frame set up here could still give me a 1385 target from the pendant pattern projection. Really wanted to see a deeper correction but don't want to miss the next leg up if it breaks from here. will update if I enter.

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That was a key level thats just been broken

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closed a little weaker then the bulls would have wanted. watching the 20ema (orange), if it breaks then will be looking to buy at 50ma (pink)

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pull back to 50ma now closed above will buy again on confirmed break out.

tst

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