Technical Long Entry on Gold

As per my previous ideas on gold, we now have a technical entry with a retest and resumption on the 8hr candles.
I don't like the chances of going straight up from here, but I've taken a small position anyway. My stop loss is also tight at 1806. If we go up from here it should be fairly strong.
A better entry will be either after a wick down to the lower trendline or a retest and resumption up of the closest overhead resistance.

Previous Published Idea:
Gold Elliot Wave Corrective Phase Finishing. Going Long Soon.


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Chart PatternsElliott WaveGoldLONGTrend Analysiswave

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