Long
GOLD ON A RETEST
Weekly Timeframe.
Formed a cup. Price broke the 29 august and september 2011 high and the candle closed above the CUP'S NECKLINE.
The 27th July 2020 candle closed close the candle high and followed by a bullish candle (strong strong breakout).
Subsequently went a retest.
The (10, 17, 24 and 31 August 2020) CANDLES failed to break the support( candle with long wicks and small bodies)
THE IS HIGH POSSIBILITY FOR A BUY SIGNAL.
Formed a cup. Price broke the 29 august and september 2011 high and the candle closed above the CUP'S NECKLINE.
The 27th July 2020 candle closed close the candle high and followed by a bullish candle (strong strong breakout).
Subsequently went a retest.
The (10, 17, 24 and 31 August 2020) CANDLES failed to break the support( candle with long wicks and small bodies)
THE IS HIGH POSSIBILITY FOR A BUY SIGNAL.
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