The Gold chart has a lot of info in display.If you go with the most current structure, you will see an (M) formation first,then a Bullish Flag and when you zoom out you notice a bigger structure of an Inverse Head and Shoulders(IHnS).
So basically, there should be a short term sell to complete 90% of the M before moving upwards. This would mean placing a reminder at 2895.3 for the reversal of the M.
As for the Bullish Flag it should be at 2904.0 but this can lead to a stop loss hunt if your SL
isnt big enough to anticipate a wick all the way to 2892.0 or slitely further.
Finally, the as for the Inverse Head and Shoulders(IHnS), the best entry would be at 2895.3
So basically, there should be a short term sell to complete 90% of the M before moving upwards. This would mean placing a reminder at 2895.3 for the reversal of the M.
As for the Bullish Flag it should be at 2904.0 but this can lead to a stop loss hunt if your SL
isnt big enough to anticipate a wick all the way to 2892.0 or slitely further.
Finally, the as for the Inverse Head and Shoulders(IHnS), the best entry would be at 2895.3
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