Gold has shown some incredible bullish momentum. On the most recent bullish move on the 4hr we can see 1-5 impulsive bullish wave cycle till the point of resistance where price is retracing bearish.
Price has the potential to reach the price level i have marked with the grey horizontal line before price moves up bullish.
I will update the analysis according to how price reacts a long the way.
Grey line - entry
Red line - stop loss
Green line - take profit
Risk on trade - 1%
RR - 1:2
Hit that follow button for more value :)
Price has the potential to reach the price level i have marked with the grey horizontal line before price moves up bullish.
I will update the analysis according to how price reacts a long the way.
Grey line - entry
Red line - stop loss
Green line - take profit
Risk on trade - 1%
RR - 1:2
Hit that follow button for more value :)
