Gold Spot / U.S. Dollar
Long

🥇 GOLD False breakdown of the zone of interest. Rising further

Gold, after a strong move, stops and forms a pullback to the 1889 interest zone. In a situation of increased volatility, the price stops at the support and creates a false-break

1) False-breakout by two candlesticks is a strong signal to buy.
2) It triggers a long position.
3) The bullish trend after a false-break might send the price to 1930
4) We expect a consolidation signal above the support area

Against the background of a bullish trend and a bearish correction, we should expect a test of support in order to find an entry point. Entry point is a consolidation above support

Disclaimer