Gold Update, +260 pips. 01:14:54 (UTC) Wed May 27, 2020
This is an update from Sunday/Monday's post about the flag pattern I posted. I still think that we could have another lower-high formed, with the low end of the range I'm looking to buy this week being specially $1702-$1700.
I want to see a retest, and multiple rejections (at least 2) of this range before looking at a very high RR gold trade, which will most certainly turn into a swing trade. I am confident that we will see 5 years of gold buying in the next 6-12 months.
I want to see a retest, and multiple rejections (at least 2) of this range before looking at a very high RR gold trade, which will most certainly turn into a swing trade. I am confident that we will see 5 years of gold buying in the next 6-12 months.
