1) Gold has successfully broken the upper trendline, indicating a potential continuation of the uptrend.
2) My strategy is to focus on buying.
3) Remember the term "BREAKOUT - PULLBACK - ENTRY."
4) Now that the price has broken, we need to wait for a pullback before entering.
5) The boxed area marked is suitable for buying because it aligns with the trendline and also support and resistance levels (SnR).
2) My strategy is to focus on buying.
3) Remember the term "BREAKOUT - PULLBACK - ENTRY."
4) Now that the price has broken, we need to wait for a pullback before entering.
5) The boxed area marked is suitable for buying because it aligns with the trendline and also support and resistance levels (SnR).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.