Gold - wait a little .....
Gold has only one trade consideration presently and that is long.... It is too bullish for a countertrend trade ....
On a daily basis I would prefer to enter long at a retest of support -
Enter - between 20 and 50 MAV, below R1 monthly Pivot.
Target - very long to the monthly R4
Stop - below the 50 MAV , which price has completely respect with this uptrend.
RR = 3.5......
On a daily basis I would prefer to enter long at a retest of support -
Enter - between 20 and 50 MAV, below R1 monthly Pivot.
Target - very long to the monthly R4
Stop - below the 50 MAV , which price has completely respect with this uptrend.
RR = 3.5......
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