GOLD ON ITS WAY TO 1800
GOLD OPENED AND CONSOLIDATED AT PREVIOUS DAILY RESISTANCE AND CREATED A SIMPLE RECOGNIZABLE ASCENDING TRIANGLE PATTERN
ONCE WE BROKEOUT BULLISH, POSITIONS WERE ENTERED AND TAKE PROFIT WAS SET FOR @1716 WHICH IS OUR LAST MONTHLY RESISTANCE
PRICE WAS HIT AND PROFIT WAS TAKEN.
WE CONTINUE NOW TO LOOK FOR A RETRACE AT PREVIOUS RESISTANCE WHICH NOW SHOULD TURN TO SUPPORT AT PRICE 1691
ONCE WE GET A RETEST AND REJECTION OF SUPPORT WE LOOK TO PLACEBUY ENTRIES AND SET TAKE PROFIT ONCE AGAIN FOR@1735
AND SO FORTH TOWARDS 1800
ONCE WE BROKEOUT BULLISH, POSITIONS WERE ENTERED AND TAKE PROFIT WAS SET FOR @1716 WHICH IS OUR LAST MONTHLY RESISTANCE
PRICE WAS HIT AND PROFIT WAS TAKEN.
WE CONTINUE NOW TO LOOK FOR A RETRACE AT PREVIOUS RESISTANCE WHICH NOW SHOULD TURN TO SUPPORT AT PRICE 1691
ONCE WE GET A RETEST AND REJECTION OF SUPPORT WE LOOK TO PLACEBUY ENTRIES AND SET TAKE PROFIT ONCE AGAIN FOR@1735
AND SO FORTH TOWARDS 1800
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