BIAS - SHORT.
Price currently breaking out of a triangle formation. This will bring retail traders long on Gold. With triangle formation we see a fake out majority of the time before it reverses and makes the real move. The reversal region aligns nicely with the 78% fib retracement and the fib extension lines up perfection with the support level.
LONG. Nice trend line rejection. Pin bars on 30min, nice morning star formation forming on the 1H. This trade correlating nicely with the EURUSD trade as my bias is long on that trade, USD weakness.
