I am long gold from the $1548 price level. Looking to trade this up to $1580/85 where there is potential for a head & shoulders trend reversal if price finds resistance.
My entry criteria for this long trade is 1hr higher highs made on Friday, price is now retesting the $1550 support zone with the 4hr 50ema supporting and price looking to bounce once more.
Middle East tensions could support a gold boost.
My entry criteria for this long trade is 1hr higher highs made on Friday, price is now retesting the $1550 support zone with the 4hr 50ema supporting and price looking to bounce once more.
Middle East tensions could support a gold boost.
Trade active
Trade closed: target reached
