GOLD - Daily timeframe

Hello Traders,

Price reversed from a daily support level and it has the potential to move higher towards the descending trend line,

Wait for a break of Resistance (Ceiling)

Wait for a RETEST (Price Closes Above the previous level of Resistance)

Once Price Confirms Resistance as New Support(Floor). Enter the Trade.

If Price fail to reach above resistance zone, we have a continuation of a downtrend and only sell order will be place.

Good luck to you all.

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This idea does not provide any financial advice.