Gold spot on since last week, look closely at my previous posts you will learn a thing or two on how i trade
Last week we took advantage of buy opportunities after a diagonal breakout, this week i see the market has formed a base channel which now only gives sell opportunities. Should the market break above the channel ill consider going long.
Keep a close eye on usdcad for bullish flags
Bulls took over the market since last week market price at 1690.500 and now rallying at 1732.499. I am anticipating a minor reversal and continued upside to 1769.590
Do not buy as yet as the market still in a possible downside, once invalidation area is triggered you can consider trading opportunities. The best trade rightnow is not to trade and wait #PATIENCE#DISCIPLINE
Last week i shared eurusd downside and it played out as anticipated.
The gold forms a structure that seems to be an Ending diagonal 👀 ⠀ Such a pattern suggests that the trend is weakening and a reversal is possible, ❎ but do not rush to buy and risk your money. ⠀ ✅ Wait for confirmation and breakout of the channel.
Find trading opportunities using lower timeframe