Hi all, I'm looking to trade Gold tonight. Overall, price is in a clear uptrend and my trends are respected on the 15, 30, 1 and 4H TF's. On the 4H TF price is respecting my micro uptrend and is failing to break the neckline of the M pattern and on the 1H TF there is clear rejection to the trendline. If price breaks out of its current level of consolidation i'm looking to buy Gold on the break and retest of my 4H zone for 150 Pips, taking profit in 50 pip increments. :)
Happy Trading :)
Happy Trading :)