splack1902

Gold had a nice swing to the upsdide

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In this analysis of mine I notice that it had created a big win to the upside signaling that the bulls were coming into the market and then pulled back. I also notice that on the lower timeframes that an inverted head and shoulder pattern was forming especially when it broke the knee line and retested it, this gave me a signal to get in on the buy and ride it to the top. The market does two things- search and destroy and rebalances it self. If I’m not mistaken, it’s rebalancing itself. It may take a while to understand this concept, but from past data once a big drop or spike has happen, it has to do the opposite to balance for the un equilibrium that it created. Also, it did not break a LOWER HIGH,SO TAKE THE SUCKER UP AND RISK ACCORDING . This is my first publish chart, I hope y’all could learn from my analysis thank you.
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