GOLD - Wait for price action signal to determine the long entry
Weekly Chart:
Extreme bullish candle and broke the wedge pattern
Daily Chart:
Friday - closed with a bullish candle
4-hour Chart:
Bearish candle with rejection of high price at key resistance zone @ 1748
Watch out:
There might be a retest around support zone 1722 or 1729-1735
Trade idea:
Wait for price action signal to determine the long entry @ key support level
Stop Loss:
Always set your SL
I suggest that set SL orders around 1691
Extreme bullish candle and broke the wedge pattern
Daily Chart:
Friday - closed with a bullish candle
4-hour Chart:
Bearish candle with rejection of high price at key resistance zone @ 1748
Watch out:
There might be a retest around support zone 1722 or 1729-1735
Trade idea:
Wait for price action signal to determine the long entry @ key support level
Stop Loss:
Always set your SL
I suggest that set SL orders around 1691
