Really clear and good structure on Gold on daily here.
Completed the 61.8% pullback from the March lows before Covid and bounced, due to that, the 3rd touch of the long term trend line and also the Daily Support. Added to that the nice double bottom and this was a very good trade to take!
Now I'm looking for a breach of 1750 to go long again.
If there's no breach, it gives us an 800 pip range to use our short term game so no worries, there will be opportunity and below the daily support we take shorts to the pre covid price.
THIS IS WHY HIGHER TIMEFRAME CHARTING IS SO CRUCIAL! Signal will be sent, be sure to keep an eye out!
Completed the 61.8% pullback from the March lows before Covid and bounced, due to that, the 3rd touch of the long term trend line and also the Daily Support. Added to that the nice double bottom and this was a very good trade to take!
Now I'm looking for a breach of 1750 to go long again.
If there's no breach, it gives us an 800 pip range to use our short term game so no worries, there will be opportunity and below the daily support we take shorts to the pre covid price.
THIS IS WHY HIGHER TIMEFRAME CHARTING IS SO CRUCIAL! Signal will be sent, be sure to keep an eye out!