Buy the gold H+S fake break
Nice opportunity here to re-enter gold longs again.
I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma)
Falling wedge as well on the 5 min charts
Stop below the last swing low at 1900.
As always while the long term trend line remains intact its safe to buy the dips and this looks like a good one again
Leave a like and follow for regular updates to this trade :)
I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma)
Falling wedge as well on the 5 min charts
Stop below the last swing low at 1900.
As always while the long term trend line remains intact its safe to buy the dips and this looks like a good one again
Leave a like and follow for regular updates to this trade :)
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