Looking to buy gold once market has broken above the 1795.00 key level
Daily timeframe confluences:
- Ascending trendline + bullish market structure due to the HHs and HLs being formed.
- Yesterday's daily closure = perfect rejection of the 78.6% fib retracement level
- 3rd bounce off the ascending trendline for a further push to the upside.
Based on daily timeframe confluences = only looking for long trade opportunities
Daily timeframe confluences:
- Ascending trendline + bullish market structure due to the HHs and HLs being formed.
- Yesterday's daily closure = perfect rejection of the 78.6% fib retracement level
- 3rd bounce off the ascending trendline for a further push to the upside.
Based on daily timeframe confluences = only looking for long trade opportunities