Gold Spot / U.S. DollarUpdated GOLD - Still On Track For Double Bottom
From our previous analysis, we were looking for price to create some sort of correction to take us down further and it appears we got that correction. Price made a parallel ascending correction which is often a reversal pattern. On higher timeframe we also have a descending trendline where price reversed from (See higher timeframe analysis below)
Will be looking for shorting opportunities but the main focus is on the double bottom where we are looking for buys.
Goodluck and trade safe!
Will be looking for shorting opportunities but the main focus is on the double bottom where we are looking for buys.
Goodluck and trade safe!
Note
12H Note
Note
Nice move down from the fib zonesNote
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Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.