The clean trendline suggest we can look for a buy in gold. Normally these kind of breakout fail due to blind breakout entry. We have a level which says the point where the price must break before going higher.. The volume analysis suggest the level... Good luck
Note
You can now look for a BUY in GOLD as the price has reached the main support area and we can enter with a buy confirmation in 15 min bullish engulfing candle.Note
As I suggested we had a good buy possibility from the Stop loss area which was also a Support, Hope you all watching the price movementTrade active
Trade activated and as I mentioned the price rejected from the clean break level I pointed. Hope you are watching the price action...Trade closed: target reached
Target reached in GOLD ...... It was a good trade...... Hope you all enjoyed....
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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.