ðĨProminent GOLD longs âĻâĻðĨðĨðĨðĨ
As we've seen recently during the past week, we've noticed that price on gold has moved significantly to the downside, however on Thurs/Friday, we noticed that price reached a level of support on the H4 timeframe...
And now that it has reached our level of support, we can clearly see that price has formed a perfect double bottom formation on the H4 and the H1 timeframe respectively and on the daily price has formed a Doji candlestick of which we know that gold usually respects it in terms of reversals
Entry Trigger pointðŊðŊ
Our long position entries will be valid once price closes above our 1756.156 level of resistance once it has closes above, our Set-ups are confirmedðĨðĨâĻâĻ
And now that it has reached our level of support, we can clearly see that price has formed a perfect double bottom formation on the H4 and the H1 timeframe respectively and on the daily price has formed a Doji candlestick of which we know that gold usually respects it in terms of reversals
Entry Trigger pointðŊðŊ
Our long position entries will be valid once price closes above our 1756.156 level of resistance once it has closes above, our Set-ups are confirmedðĨðĨâĻâĻ