Gold bullish structure formation

1-Day:

The 1,700 level is a reversal point. Price dipped to this level and formed a daily doji.

1-Hour:

Over on the hourly, we're also seeing the structure change. Price is beginning to paint higher highs and higher lows. I currently have my entry set at the 1,733 level which is where the moving averages have converged. This is a good potential to ride the next wave higher.

İşlem aktif:

Gold hits first target, we could see price stalling a bit as we're on end of the week close.