#DanielNadem
GNO
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Long Trade Setup:
– Price is at 133.55 after bouncing from the recent low around 111.89.
– It has recovered nicely but still trading around the flat-to-downward moving averages.
– Key level to hold is 129.85 from the 24h low, staying above that keeps the short-term bounce structure intact.
– A clean break above 133.96 would unlock the next leg toward 138.07 and then 139.38.
Risk Note:
– Momentum has improved on the bounce but volume is still moderate, and a failure to hold above the MAs could lead to retest of lower supports.
Next Move:
– Watching for a push toward 134-138 resistance or a pullback to test support near 130-132.