GOLD [Neutral] need more signs for constructing a channel
Updated
Observation:
- Price action from previous Strong Downtrend
- Market Sentiment @ 1244.01
Analysis
- If price action breaks @ 1262.79 = high probability of END of downtrend
- If price action breaks @ 1203.24 = high probability of price reversal at 1126.52
Conclusion:
Watch for more signs in the market.
- Price action from previous Strong Downtrend
- Market Sentiment @ 1244.01
Analysis
- If price action breaks @ 1262.79 = high probability of END of downtrend
- If price action breaks @ 1203.24 = high probability of price reversal at 1126.52
Conclusion:
Watch for more signs in the market.
Note
Price broke triangular contraction and is now at bullish trend.Price action still on bullish trend as it travel inside the upward channel.
Probably will take profit at 1312.8
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