Gold on the 4-hourly chart didn't have a break and close below the trendline, on the 1-hourly chart it did break and close below the trendline but do note that it still fails to break and close below the previous low.
If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity.
An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
If you are looking for a more certain trade then wait for the AB=CD pattern completion at $1887.45 for a buying opportunity.
An aggressive trader can wait for the market pull-back to the navy trendline or the bullish channel to short the market and head towards the AB=CD completion.
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