We've been looking for new entries on GOLD in the past several days. We don't yet have a clear breakout signal and this move hasn't happened yet.
If price breaks below the previous low then we could look for entries based on the "Break and re-test" strategy. If price goes to the upside then we will be looking for entries based on the "Pullback of a level" strategy.
In both cases we will be looking to sell and not to buy!
The first level at which we want to see price is 1723!
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.