Turn on notifications
Flag as spam
$GOLD , is the wait is over? Time to go bullish? Like I said in several of my previous posts stated that $GOLD is in a range (orange square) until yesterday...The price has broken out of the range with a huge bullish pinbar....So is that meant the wait is over and we are ready to go long and anticipate the price will go bullish since? NOPE.. as a trend follower, I will not make any move yet. Though the price has broken out of the range but I am still a little bit sceptical about it. I afraid that the price will go plunge into the range (orange square) once more because it can be a fakey (blue arrow), fakey happens at the time. Here's what I gonna do, I will wait for today and see how the price performs first. Let's say if the price plunges into the range again, then the market is still bearish..If the price closes above the range with some sort of bullish pinbar,then maybe it's time to go long... In trading, anything can happen, nothing is certain, so we need to be prepared for any king of situation... Do you agree with me? Or do you have anything different to share? Welcome.. ***By the way, I trade daily timeframe just in case you wanna know. ...