Gold retested a recently broken daily structure resistance that was based on a previous all-time high yesterday.
During the Asian session today, the price formed a strong intraday bullish confirmation. Retesting the underlined blue area the price formed a cup & handle pattern and violated its neckline.
Now we see a nice bullish movement. It may continue at least till Powell speech later on today.
I did not manage to trade this setup because I was sleeping when it was formed. But it is a perfect example of a confirmation trading that I teach you and I hope that those who trade the Asian session managed to recognize this signal.
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