Pattern: Trends
Confirmation: Rising trend being squeezed into a limited price range.
Entry: Waiting for to see if we have a rejection candle from the trend line, potential break and re test strategy or lastly working with the power of buyers vs sellers by monitoring volume. currently will enter a buy if we receive a rejection indication here failing that will enter a sell if we break and have a good re test of structure.
Fundamentals: Strong finish last week to DXY causing a big fall in gold, look to see if the dollar continues its strength a lot based on employment reports.
Confirmation: Rising trend being squeezed into a limited price range.
Entry: Waiting for to see if we have a rejection candle from the trend line, potential break and re test strategy or lastly working with the power of buyers vs sellers by monitoring volume. currently will enter a buy if we receive a rejection indication here failing that will enter a sell if we break and have a good re test of structure.
Fundamentals: Strong finish last week to DXY causing a big fall in gold, look to see if the dollar continues its strength a lot based on employment reports.