Gold Long idea
Trend: Bullish
Trade scenario 1: Currently we are breaking out of a large descending triangle but price action is consolidating. We are only going to consider long positions so we will wait for a break and retest of the new rectangle pattern.
Look to enter on a confirmed higher low above the rectangle. Target higher toward prior highs and our 0% fib level
Trend: Bullish
Trade scenario 1: Currently we are breaking out of a large descending triangle but price action is consolidating. We are only going to consider long positions so we will wait for a break and retest of the new rectangle pattern.
Look to enter on a confirmed higher low above the rectangle. Target higher toward prior highs and our 0% fib level