Gold price dipped below the three-week descending resistance level of $1954, continuing its three-week downtrend. The XAU/USD retracement ignores the low performance of the past few days, but the bearish signal from the MACD has attracted Gold buyers. The drop in gold's short-term momentum suggests that it needs to regain its simple moving average (SMA) to...
with a good catalyst coming in and the good business plan going forward, it's good to set the position at the right pricing.
Entry Strategy: 1) BOD today ride on tomorrow till TP specified 2) Waiting for retaracement back to the zone or at the root of significant bull candle initiated (at 14 Dec 2020) Chart: 1) Respected weekly trending - keeping up higher high formation 2) Breakout downtrend line - trend change I am nubis, i am non-premium members ..follow if you think this idea...
Break short DTL. Rebound at TL with vol above avg. EP: 0.170 R/TP: 0.215 Catalyst: EV theme