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Strong Buy on Gold
Gold has respected the yellow trendline with multiple touches in the past and todays high impact news pushed gold sweep liquidity till the levels of 1995 which saw the rejection and FVG (Fair Value Gap) which was marked off along with bullish engulfing candlestick pattern formation as my three confirmations.
1.Trendline retest
2. FVG
3. Bullish engulfing
4. Liquidity to the upside
1.Trendline retest
2. FVG
3. Bullish engulfing
4. Liquidity to the upside
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