This is a bullish potential to plan a buy stop if the price has a power breakout above the resistance area.
What we need to know is that Gold and USD fundamentally have the same bullish power. We can see from the market moving sideways between 1910-1966.
Since the price is very liquid, we can use this opportunity to open a trade.
I don't really recommend because its prone to rebound, and this is an area of consolidation. it's better to buy-low/sell-high to get a better RR.
Here is another technical analysis that plan buy-low, combined SNR + Stochastic 5 3 3
What we need to know is that Gold and USD fundamentally have the same bullish power. We can see from the market moving sideways between 1910-1966.
Since the price is very liquid, we can use this opportunity to open a trade.
I don't really recommend because its prone to rebound, and this is an area of consolidation. it's better to buy-low/sell-high to get a better RR.
Here is another technical analysis that plan buy-low, combined SNR + Stochastic 5 3 3
