Gold Long - Fake Break and Pullback
The gold broke below the bottom of an ascending triangle earlier just before the US session.
But the price pulled back very soon after that and its now almost back to the top at 1315.
If the price manages to break above 1315 tonight, the price is very likely to rally towards 1322.
Wait for the break above to confirm going for a long, or enter a minimal amount to capture a better price before the break.
But the price pulled back very soon after that and its now almost back to the top at 1315.
If the price manages to break above 1315 tonight, the price is very likely to rally towards 1322.
Wait for the break above to confirm going for a long, or enter a minimal amount to capture a better price before the break.
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