Gold has recently violated a key daily structure resistance. The price has nicely respected that after a retest and the market keeps growing now.
The momentum definitely started to slow down. I spotted a rising wedge pattern on 4H and a contraction of a price action. If you want to buy gold, the best strategy will be to buy after a pullback
I would suggest looking for a bearish breakout of the wedge. Its violation will most likely initiate a correctional movement.
There are 2 safe points to look for buying opportunities: 1871 - 1879 support and a major rising trend line.
I will post an update once I spot a decent trading setup.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.