Gold Long

in gold •  6 years ago  (edited)

  1.  As we see on hourly chart Gold returned back on the support that held the drop several times. Hope it will hold further, a solid bounce could have confirmed the upmove. Trying to long with 1304/1305 tps. I suppose that gold could break the resistances formed by connection of 20 Feb'19 and 25 Mar'19 tops and price closes but we'd talk about it a bit later.
  2. The alternative scenario will be in case the support won't hold, it would mean the completion of the H&S pattern and further hard drop (but still I choose the long). In case it happens let's find the entry point. 

I'll update. 


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