GOLD Breaking Out and New Highs! 1823.13

7 thg 5, 2021

New Highs for Gold at 1,823.13 Metals is looking strong as Cooper printed new records high Silver has a similar structure than Gold and also climbing higher. The key for trading breakouts is timing, I prefer to buy the breakout pullback & backtest of the new support which was the breakout resistance. I also look for entries once we have a 1-hour candle close above the resistance with expanding volume. I don’t enter positions when it's too overextended from the 9ema, I will consider a position once this new level has proven and built a base and the 9ema has caught up. Will be updating as we go. Sharing humbling my POV and I'm available for any questions and/or further discussion 🙏🏼 I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! #JutsuTrading #KeepItSimple 😉