Gold is approaching a high probability area where we can see:
- a previous area where price reacted heavily
- 61.8 fibonacci
- Support of ascending trendline
- channel support
4 confluences make it a high probability trade. However, it's always best to wait for the first impulse and then get in on the correction. Will be posting updates regarding Gold in the coming few days.
See chart update below for higher timeframe where we can see the ascending trendline.
Trade safe :)
- a previous area where price reacted heavily
- 61.8 fibonacci
- Support of ascending trendline
- channel support
4 confluences make it a high probability trade. However, it's always best to wait for the first impulse and then get in on the correction. Will be posting updates regarding Gold in the coming few days.
See chart update below for higher timeframe where we can see the ascending trendline.
Trade safe :)
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