Conflicting Signals from Gold
Updated
Given the strong reversal signal of the double bottom at what looks like the end of a parallel channel you'd think an upwards break out is achievable but over the past week this has been denied around 3 times.. Only time will tell if the Bulls have enough Steam to to make another run.
Note
Todays support appears to have been the neckline so I expect to see one last breakout attempt.Note
Currently showing neither a bullish or bearish pennant, middle of the flag pole... neutral sideways movement perhaps but currently bouncing off e for upwards trend
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.