Double bottom on gold?
Updated
Gold looks to have formed a double bottom potentially. The bullish butterfly harmonic, significant volume spike, and momentum indicators climbing create a potentially appealing setup.
There is of course one major caveat--a blow out employment roll print tomorrow could spike nominal yields (dragging real yields higher with them) which would put pressure on gold price again.
If going long here, keep a tight stop.
There is of course one major caveat--a blow out employment roll print tomorrow could spike nominal yields (dragging real yields higher with them) which would put pressure on gold price again.
If going long here, keep a tight stop.
Trade closed manually
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