Gold long position daily time frame
Last week, gold was traded in a range, with a low around 1790 and a high about 1820, and whenever I have no concept of the short-term direction, I look at a long-term picture.
And on the weekly chart, we can plainly see that the trend is up, and we also have a higher low in a place highlighted by a pin bar 2 weeks ago. This pin bar also matches an essential 1788 support.
And on the weekly chart, we can plainly see that the trend is up, and we also have a higher low in a place highlighted by a pin bar 2 weeks ago. This pin bar also matches an essential 1788 support.
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