If we look on the price chart of Gold, Its clearly visible that weekly support levels of 1236$ are reached, this gives counter-trend traders like myself the chance for a long opportunity
Several indications why gold probably will reverse on this key level
1.Strong weekly support.
2.Divergence on the daily chart, 12-hour chart and on the 8-hour chart.
3.Pin bars on each of these timeframes.
If price makes a higher high close candle on the 12 or 8 hour chart, I will buy this market.
Good weekend traders !
Several indications why gold probably will reverse on this key level
1.Strong weekly support.
2.Divergence on the daily chart, 12-hour chart and on the 8-hour chart.
3.Pin bars on each of these timeframes.
If price makes a higher high close candle on the 12 or 8 hour chart, I will buy this market.
Good weekend traders !