There are many project options how the price will run. But I expect the price to follow the setup and be profitable.
1. Price hits resistance and bounces in direction 1.
2. Price continued to run and penetrated the resistance.
2.1 Price penetrates this level and crashes straight down
2.2 Price follows trade setup expectations .
Now sit back and wait and see if the crowd will be interested in gold as the war issues and economic policies continue.
Waiting is a trader's job.
1. Price hits resistance and bounces in direction 1.
2. Price continued to run and penetrated the resistance.
2.1 Price penetrates this level and crashes straight down
2.2 Price follows trade setup expectations .
Now sit back and wait and see if the crowd will be interested in gold as the war issues and economic policies continue.
Waiting is a trader's job.
Comment:
The price approached the entry point at the sensitive area and bounced up strongly, proving that many traders have orders at this price range, they enter orders like crazy to keep their positions.