Gold
Long Setup
Continuation trade:
👉🏻 4th straight bullish weekly candle now, since 30th Nov 2020 (3 bullish weekly candles). Price is also ranging in this channel since early Aug 2020, could possibly test the 1750 support first before heading back to the top of the channel. It is also being held by the 200 daily ema, it would be very interesting if price were to break upwards off this ema.
H4 Possible Elliot Wave Count
Long Setup
Continuation trade:
👉🏻 4th straight bullish weekly candle now, since 30th Nov 2020 (3 bullish weekly candles). Price is also ranging in this channel since early Aug 2020, could possibly test the 1750 support first before heading back to the top of the channel. It is also being held by the 200 daily ema, it would be very interesting if price were to break upwards off this ema.
H4 Possible Elliot Wave Count