Gold study on the daily timeframe
If gold broke 1883.00 it have a potentiel buy and it have three confirmation
1- breaking the strong resistance and support at the same time it hit multiple times on it and retraced
2- breaking the neckline of the double bottom
3- breaking the channel (or the trendline)
We need to have confirmation for the break and if it broke the resistance we need to wait for a retest first and then we can take the buy and secure profits and leave runners .
If gold broke 1883.00 it have a potentiel buy and it have three confirmation
1- breaking the strong resistance and support at the same time it hit multiple times on it and retraced
2- breaking the neckline of the double bottom
3- breaking the channel (or the trendline)
We need to have confirmation for the break and if it broke the resistance we need to wait for a retest first and then we can take the buy and secure profits and leave runners .