After our previous analysis, GOLD on the 4h chart shows more bullish strength and the price reached the 2040 level.
A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen.
How can i approach this scenario?
I will wait for a possible break of the 4h resistance and IF the market will show us a confirmation i will set a nice long order according to the Plancton's strategy rules.
Being Friday there might be some expected moves in the US session and this reason we can also see a test of the 2020 area before and look for an inversion around that zone
A break of the weekly resistance indicates that the bullish pressure has increased and a possible break over the 2050 area can happen.
How can i approach this scenario?
I will wait for a possible break of the 4h resistance and IF the market will show us a confirmation i will set a nice long order according to the Plancton's strategy rules.
Being Friday there might be some expected moves in the US session and this reason we can also see a test of the 2020 area before and look for an inversion around that zone
