Price consolidated at a short term support before displaying a strong bullish impulse away.
The TR also formed somewhat of a (weak) double bottom before the impulse, providing a bit more confluence.
Since generally speaking, gold experiences a bit of rally during the holidays, my overall bias month is bullish,
and so I'd like to think that price will at least be able to reach old S&R levels.
The TR also formed somewhat of a (weak) double bottom before the impulse, providing a bit more confluence.
Since generally speaking, gold experiences a bit of rally during the holidays, my overall bias month is bullish,
and so I'd like to think that price will at least be able to reach old S&R levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.