Gold to the upside
waiting for price to give a clear sense of direction. Analysis leans bullish due to weekly engulfing
candle, however bulls and bears are still struggling with a doji straight after.
Price is also coming off a strong support at 1690, which would further indicate bulls takeover.
However price has also been on a steady decline, so still keep a look at 1785.9 as a potential spot
for further downside movement. (although i do not believe to be likely)
candle, however bulls and bears are still struggling with a doji straight after.
Price is also coming off a strong support at 1690, which would further indicate bulls takeover.
However price has also been on a steady decline, so still keep a look at 1785.9 as a potential spot
for further downside movement. (although i do not believe to be likely)
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