Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GOLD analysis and trading plan #goldanalysis #gold #forexanalysis #forexsignals #forexeducation

2 May 2023 · 1 min

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Vladimir Ribakov maps two gold price scenarios: either a dip before a rally, or an upside breakout that creates higher lows and a support line. In the breakout case, pullbacks to that support line are buying opportunities.

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zone. Ideally, we should see the gold making this push before taking the next rally. So this was the— this would be the first scenario, of course. But what also could happen here is that at the end of this current range, the gold, instead of making final dive before the rally, would eventually break upside and regain the bullish momentum. So if it does something like that, makes the new bullish trend structure by making higher, higher lows, okay, this would start to behave as a supportive line, and any pullback there should be considered as an opportunity for a rally.