As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will...
As you can see we have a clear breakout of this small down trend, looking at the daily and the weekly time frame this is still a very bullish pair.
We have just broken what was a resistance level, currently waiting for a retest of that zone to make sure this level holds up and can be classed as a new support.
If we find an entry on this pair intial targets will...
Because you can trade 24/7 with bitcoin. Anyway we have a short term long coming up then is looking like will go short to do a retest then long again.
Can you see the 3rd touch confluence. Just like my strategy. Simple, easy and effective.
I see a movement up to TP1 at 0.92632 with a possible TP2 at 0.92966
*Risky Trade as the underlying movement is short*
Thanks to everyone who has followed my previous signals almost everyone has been positive.
I see a positive trend, with 2 opportunities for profit. tp1: 9.81749. tp2: 9.83563 Sl: 9.77744
*Risky Trade* approach with caution, also well done to everyone who followed my previous signals and in the telegram group it has been a very solid week.