Gold Long Opportunity

Hi Traders,

As per my previous short which has since hit all 5 take profits we are now looking for long setups.

This is as per the below analysis:


We believe there will be a quick and fast break of the previous low before reversing back up into the trading range and defining a bottom.
We hope this low comes off extremely low volume showing that the change in direction is confirmed and that the continuation is denied.

I will not be trading this as I no longer manually trade - if you are interesting in knowing more about what I do you are more than welcome to pop me a hello.
I hope this is fruitful, but please know this is not financial advice or a signal and should be traded at your own risk.

Both RSI as well as MACD are showing confirmation on the W timeframe.

Initiators will be:

High inflation
Covid infections increasing
War in Ukraine
American presidential upset
Jobless claims increasing
Unemployment on the decline