Gold chart looks real bullish. It seems it gonna fill this gap.
Very strong wave. Alot of buying behind it.
It broke its trendline but its still break a little bit.
We have little consolidation right after breakout. If it break this consolidation it most likely gonna break RES too. We most like have also a PB to this area after breakout if it happens.
If it break this consolidation to the upside I will take this trade for a nice 6:1.
Entry: Breakout of this 1828.22 or w8 for PB after breakout.
Targets:
1) 1832
2) 1844.5
3) 1859.5
SL:4h close below 1820
Very strong wave. Alot of buying behind it.
It broke its trendline but its still break a little bit.
We have little consolidation right after breakout. If it break this consolidation it most likely gonna break RES too. We most like have also a PB to this area after breakout if it happens.
If it break this consolidation to the upside I will take this trade for a nice 6:1.
Entry: Breakout of this 1828.22 or w8 for PB after breakout.
Targets:
1) 1832
2) 1844.5
3) 1859.5
SL:4h close below 1820