A good long opportunity on GOLD with a good Risk / Reward
We can see a good entry point on the 4h dataframe.
There is an accumulation zone above the trendline then the trend is on the 5th waves.
In addition the first bullish candle of the day is an engulfing candle.
A divergence has appear on the RSI. However at the moment he seem to be neutral.
For the entry point, waiting for the breakout 1960. Be aware of a pullback.
TP1 : 2015
TP2 : 2047
TP3 : New High ?
SL : 1930 because of the limit price before the trendline breakout.
There is an accumulation zone above the trendline then the trend is on the 5th waves.
In addition the first bullish candle of the day is an engulfing candle.
A divergence has appear on the RSI. However at the moment he seem to be neutral.
For the entry point, waiting for the breakout 1960. Be aware of a pullback.
TP1 : 2015
TP2 : 2047
TP3 : New High ?
SL : 1930 because of the limit price before the trendline breakout.
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SL : 1920*****