1711 How GOLD to continue its uptrend to 1900-1911?
Hello traders,
GOLD is facing two ways to reach 1900-1911 zone on daily chart.
It would go sideways inside the red rectangle to consolidate before new leg up to test new high.
Or
it would continue to rise in a rough way insidw a flat red channel till it hit the 1900-1911 zone.
Both ways would need you to setup in a lower timeframe chart .
The correction idea in my last idea is not valid anymore with new price action.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
GOLD is facing two ways to reach 1900-1911 zone on daily chart.
It would go sideways inside the red rectangle to consolidate before new leg up to test new high.
Or
it would continue to rise in a rough way insidw a flat red channel till it hit the 1900-1911 zone.
Both ways would need you to setup in a lower timeframe chart .
The correction idea in my last idea is not valid anymore with new price action.
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
Trade closed: stop reached
