If you use 1440 as the top and 1280 as the bottom, that's healthy 40% correction and we are left with a clear bull flag formation. 1380 was a major long term resistance, now its acting as strong support. Its very unlikely to go below 1380. If you look at the fundamentals, it also looking really good for gold: Trade War, US/Iran tensions, Fed rate cuts (suggesting imminent recession) etc.
Kommentera:
Opened a long position, skin in the game.
Kommentera:
position closed, gonna wait for a strong confirmation before opening another long position.
Kommentera:
not gonna lie, completely forgot to open the trade again. At-least I can boast getting the prediction right (so far) while crying inside for lost potential profits :'(.
