LONG trade analysis on GOLD.
Graph is looking bullish from lower trendline. It can possibly rise from Fibonacci Retracement shown on the chart. Wait for price rejection - Bullish Engulfing Candle and you can open a trade. Price also made Hidden Bullish Divergence shown on the chart. Trade idea is also shown on RSI indicator.
Inspired by #Tradesy1
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Graph is looking bullish from lower trendline. It can possibly rise from Fibonacci Retracement shown on the chart. Wait for price rejection - Bullish Engulfing Candle and you can open a trade. Price also made Hidden Bullish Divergence shown on the chart. Trade idea is also shown on RSI indicator.
Inspired by #Tradesy1
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
