In this trade idea i am going to be looking for gold buys.
1. Gold has been coming up to the resistance level found at 1790.
2. Gold created a double bottom.
3.gold has been creating HH and Hl since 1856.
4. Inflation is still at record highs.
5. Unemployment rate is up to 5.9%
Due to these reasons I will be looking for gold buys. However what i will be waiting for is for gold to break the range impulse and then come down to the old level of resistance turned in to the new level of support on the higher time frames 4h and up.
1. Gold has been coming up to the resistance level found at 1790.
2. Gold created a double bottom.
3.gold has been creating HH and Hl since 1856.
4. Inflation is still at record highs.
5. Unemployment rate is up to 5.9%
Due to these reasons I will be looking for gold buys. However what i will be waiting for is for gold to break the range impulse and then come down to the old level of resistance turned in to the new level of support on the higher time frames 4h and up.