GOLD Is this all the correction we need for the next up move ?

Hello traders:

GOLD has been the talk still among traders, and recent price action could give us hints of the net bullish move up.

We have see a period of consolidation since the price has broken above the previous high time top, then a sharp push down follow by corrections to pus down the price.

Latest price action we see the price has found the double bottoms, and LTF bullish impulse, and currently breaking out of the this larger HTF structure.

This is all good indication that we may get the bullish momentum back, but more development is needed to confirm the buy. I wont just jump into a trade because of a breakout.

I would patiently wait for more bullish push up from the LTF, and wait for a confirm continuation correction structure to develop, and enter the buy.

Look to see the previous high time tops as a target.

Thank you

Commentaire: