Gold Buy Idea At The Bottom Of The Daily Channel
D1 - Price is bouncing higher from a key support zone formed by the bottom of the daily channel and the 100% Fibonacci expansion level of the first wave.
Bullish divergence.
H4 - Multiple false breaks and bullish divergences.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to continue higher further after pullbacks.
Bullish divergence.
H4 - Multiple false breaks and bullish divergences.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the key support zone holds I expect the price to continue higher further after pullbacks.
Komentarz:
The bullish move that I was looking for happened exactly as per the plan!