Yesterday gold continued its rise. We are now at key resistance up at 1832, and right now price is holding.
What are the options right now?
With such a strong and confirmed upside move it's more likely to see price breaking above resistance.
And that's exactly what we're going to be looking for - break and retest of resistance.
This will be a much better entry compared to the opportunities that we had yesterday or earlier today!
We analyse every single day! That doesn't mean that we're always entering a trade.
What's important is that we find enough confluences for a potential setup and that we enter only when we have all of them available.
Otherwise we would have way too many positions and most likely a negative result.
If the market direction changes, we always have our stops placed at the right place and we're always ready to close a losing position so we can open another succesful one.
We never chase price or add to a losing position.
The trend is our friend and if it's moving south, then we're buying. If it's moving down, we're looking to sell.
We currently have 4 active trades and none of them are on gold.
We will enter a trade here only when we have a valid entry.
Good luck!
What are the options right now?
With such a strong and confirmed upside move it's more likely to see price breaking above resistance.
And that's exactly what we're going to be looking for - break and retest of resistance.
This will be a much better entry compared to the opportunities that we had yesterday or earlier today!
We analyse every single day! That doesn't mean that we're always entering a trade.
What's important is that we find enough confluences for a potential setup and that we enter only when we have all of them available.
Otherwise we would have way too many positions and most likely a negative result.
If the market direction changes, we always have our stops placed at the right place and we're always ready to close a losing position so we can open another succesful one.
We never chase price or add to a losing position.
The trend is our friend and if it's moving south, then we're buying. If it's moving down, we're looking to sell.
We currently have 4 active trades and none of them are on gold.
We will enter a trade here only when we have a valid entry.
Good luck!
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
