Hello traders , gold broke a strong resistance on monday with the daily candle closing above.
the market has been ranging since .
with the weakening of the US Dollar to me gold may still push to the upside there is alot of potential.
if the price manages to break above the range with an hourly candle id enter on a retest.
but the safest entry is to wait for the price to come down and give a hammer on the support of the range which also serves as a support that used to be resistance .
well those are the two trend following scenarios that i see.
the market has been ranging since .
with the weakening of the US Dollar to me gold may still push to the upside there is alot of potential.
if the price manages to break above the range with an hourly candle id enter on a retest.
but the safest entry is to wait for the price to come down and give a hammer on the support of the range which also serves as a support that used to be resistance .
well those are the two trend following scenarios that i see.
