Based on previous post 2 days ago https://www.tradethevolumewaves.com/post/gold-is-cooking
In the beggining I thought weakness was coming in, since we were at Resistance Level but a nice Plutus Reversal Long formed and broke it.
![](https://static.wixstatic.com/media/a27d24_c6413f2bf8e1450c9e0f7bb44bba2f09~mv2.png/v1/fill/w_49,h_22,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/a27d24_c6413f2bf8e1450c9e0f7bb44bba2f09~mv2.png)
Today we have broken a Major Support with a very nice Plutus Reversal Long pattern on the 4HR with SI ratio 15.0/3.1= 4.8 . We have not been on this level since September 2012. I have enter Long but this is High Risk Trade since we have reached this very significant level.
![](https://static.wixstatic.com/media/a27d24_44c92a58e2e944259d2b508c3e8f1437~mv2.png/v1/fill/w_49,h_22,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/a27d24_44c92a58e2e944259d2b508c3e8f1437~mv2.png)