Hi all
Gold has risen to a high of 2067 and has broken through weekly resistance to set a new low of 1982.9 before retracing 50% of the previous week's gains. As a result, last week closed at 1885.5 and broke previous low resistance at 1892.9.
This week, I'll be watching for price activity and rejection at 50% or 61.8% before choosing whether to enter the market.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Gold has risen to a high of 2067 and has broken through weekly resistance to set a new low of 1982.9 before retracing 50% of the previous week's gains. As a result, last week closed at 1885.5 and broke previous low resistance at 1892.9.
This week, I'll be watching for price activity and rejection at 50% or 61.8% before choosing whether to enter the market.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Note
daily
Note
Can it break through the resistance?
Note
B+100Note
partial close at wave B
**WAIT FOR PRICE ACTION TO SHORT**
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.