Gold is currently in the uptrend. From here I expect it to either 1) continue with this trend up until reaching strong level of resistance or 2) break out of this trend and fall.
Here's an example of a BUY setup:
Entry: 1740
TP1: 1751
TP2: 1765
TP3: 1800
SL: a drop below 1730
A setup for SELL would be more complicated, but I will be looking for signs of a clear breakout from the suggested trend line before entering this kind of a trade here.
Here's an example of a BUY setup:
Entry: 1740
TP1: 1751
TP2: 1765
TP3: 1800
SL: a drop below 1730
A setup for SELL would be more complicated, but I will be looking for signs of a clear breakout from the suggested trend line before entering this kind of a trade here.
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