Gold has Further Bullish Upside Potential
I use pure price action analysis with patterns on higher time frame and scale in for entries no indicators.
1. inverse head and shoulder formed Daily
2. 38 Fib retrace already done from ATH @ 1931 which landed above the 50 DMA = Bull Trend still intact (not bearish it was a correction from ATH.
3. see my current Fib extensions re targets 4. DXY is clearly bearish trend passing key 103.
4. all time frames on Gold are bullish - trade WITH trend guy DO NOT SHORT this at ALL for now. BUYS only on pullbacks until you see clear bearish structures form.
5. deploy good risk management strategies FIRST and get your RR at entry correct min 1:3, do not over leverage.
6.dont jump in when you feel like wait for entries at structure levels ONLY
7. Good luck to all
8. Many thanks to my followers please share if you find value, I'm trying to help as much as I can when time permits
1. inverse head and shoulder formed Daily
2. 38 Fib retrace already done from ATH @ 1931 which landed above the 50 DMA = Bull Trend still intact (not bearish it was a correction from ATH.
3. see my current Fib extensions re targets 4. DXY is clearly bearish trend passing key 103.
4. all time frames on Gold are bullish - trade WITH trend guy DO NOT SHORT this at ALL for now. BUYS only on pullbacks until you see clear bearish structures form.
5. deploy good risk management strategies FIRST and get your RR at entry correct min 1:3, do not over leverage.
6.dont jump in when you feel like wait for entries at structure levels ONLY
7. Good luck to all
8. Many thanks to my followers please share if you find value, I'm trying to help as much as I can when time permits
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