Gold Update - Bullish Shark on Daily chart
2 months ago, I talked about this bullish shark setup on Gold. (See related ideas below)
It has yet to reach our entry level, but we are now very close.
Some minor updates include buying slightly higher at the 1083-1092 zone instead of the 1045 area as I am following the strict rules of the Shark pattern. Further explanation will be in my weekly video which will be out today.
Pattern Identification
Bullish shark pattern PRZ at 1083-1092.
Trade Execution
Will be looking for reaction at PRZ before deciding whether to go long.
A good reaction is a pinbar/candlestick reversal pattern.
TP will be at 1204 and SL will go at 1030.
This trade idea will be invalidated if price fails to react at PRZ and continues to go lower.
It has yet to reach our entry level, but we are now very close.
Some minor updates include buying slightly higher at the 1083-1092 zone instead of the 1045 area as I am following the strict rules of the Shark pattern. Further explanation will be in my weekly video which will be out today.
Pattern Identification
Bullish shark pattern PRZ at 1083-1092.
Trade Execution
Will be looking for reaction at PRZ before deciding whether to go long.
A good reaction is a pinbar/candlestick reversal pattern.
TP will be at 1204 and SL will go at 1030.
This trade idea will be invalidated if price fails to react at PRZ and continues to go lower.
