Buy Gold - Triggered at 1704

Gold is Bullish - We look to Buy at 1704

▪️ Price action has posted a bearish Hanging Man and is negative for short-term sentiment.
▪️ Expect trading to remain mixed and volatile.
▪️ With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
▪️ Expect trading to remain mixed and volatile.
▪️ The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher.
▪️ Preferred trade is to buy on dips.

Update 1: The move to 1704 triggered our long trade

Stop: 1694
Target1: 1725
Target2: 1740