Gold analysis - Bullish bias
Here we see Gold respecting the Daily upward trendline. I do expect that there is a very high probability of price reaching the 1813 area for TP1 but we will have to monitor price here as it can create a head and shoulder pattern and change directions to the downside.
Why i am also cautious of a reversal is because historically Gold fell hard in November in the last 2 years and we saw a huge drop in the last week. If price violates the upward trendline the I will be looking for shorts.
Why i am also cautious of a reversal is because historically Gold fell hard in November in the last 2 years and we saw a huge drop in the last week. If price violates the upward trendline the I will be looking for shorts.
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