We previously analysied Gold and hihglighted that a break of resistance level will confirm above move. Resistance level was broken and is now acting as a key support. This also confirm the Impulse Wave 3 cotinuation. Above resistance level should be tapped in coming sessions.
A break of below support will void this wave and can result in bearish move.
Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
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Disclaimer: This content is for educational purposes only and should not be considered financial advice.