Gold is currently stuck in a rising flag pattern, as it stands price has sort of broken through the top trend line of the flag. It also seems to have retested the resistance as a support, which is the ideal confirmation of the breakout of the pattern. Lets see how this 1hr stick ends, if we get a good bullish stick its a buy, if it cannot close bullish and below the resistance line, we should wait to confirm the direction of the market
Trade active
When this current 30min stick ends bullish, we are going up, early entry on the 30min, stronger entry on the 1hr closeTrade active
Currently 80pips in profit, been holding since yesterday. If the current 1he stick ends bullish, we should expect more buysTrade active
Patience pays..3days of waiting, finally paying
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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.