Gold has formed a bullish flag, which is a typical continuation pattern. Price has thus broken above the downtrend line and currently looking like a pullback, retesting the support area. I believe long positions are in order.
Entry point 1850
SL: 1815
First target: 1888
Second target: 1901
Third target: 1920
Feel free to raise opinions.
N.B. This is not financial advice or in any way a trading signal but a mere approach to my trading idea.
Entry point 1850
SL: 1815
First target: 1888
Second target: 1901
Third target: 1920
Feel free to raise opinions.
N.B. This is not financial advice or in any way a trading signal but a mere approach to my trading idea.