Since late 2018, GOLD has rallied.
The market structure is clear - rally, consolidate, rally, consolidate. And for this trader, the uptrend looks well intact.
The $1300 level that held recent consolidate isn't just relevant today, or over the last few weeks. Study price between January and June 2018 and you'll quickly see just how important the $1300 level is.
Trade idea: I'd like to see a close above $1325 on the daily chart, today or tomorrow. Following that, I'll be looking to buy intraday dips all the way up to the $1350 level.
The market structure is clear - rally, consolidate, rally, consolidate. And for this trader, the uptrend looks well intact.
The $1300 level that held recent consolidate isn't just relevant today, or over the last few weeks. Study price between January and June 2018 and you'll quickly see just how important the $1300 level is.
Trade idea: I'd like to see a close above $1325 on the daily chart, today or tomorrow. Following that, I'll be looking to buy intraday dips all the way up to the $1350 level.