Gold taking a rest
Gold looks to continue the uptrend but as mentioned in the weekly webinar, don’t be surprised if price pauses around this area before making a move up.
A good set up would be if price pulled back to the prior low, provided a DB and offered a new entry. I have drawn in what that could look like if it was to transpire.
We are still in Gold and our stop is at entry should price travel south but if the pause in price comes to an end and price moves up, we will look to enter, preferably on a pullback.
Waiting and watching.
Let’s go trade!