✴️ GOLD Daily timeframe. January 13
Gold exits the 1870-1890 consolidation after a three-day consolidation, which is what I was actually talking about yesterday
1) The price enters a new range of 1911 (resistance not tested) - 1890)
2) The trend is bullish (strong).
3) The likelihood of a strong move on Friday is slim. We may see a test of 1911 resistance and a pullback to support.
4) Price is testing the peak zone of the local volume profile, which may affect the price reaction.
5) Yesterday's big bar tells us that the rise is likely to continue.
6) RSI enters overbought zone, this could affect the price.
1) The price enters a new range of 1911 (resistance not tested) - 1890)
2) The trend is bullish (strong).
3) The likelihood of a strong move on Friday is slim. We may see a test of 1911 resistance and a pullback to support.
4) Price is testing the peak zone of the local volume profile, which may affect the price reaction.
5) Yesterday's big bar tells us that the rise is likely to continue.
6) RSI enters overbought zone, this could affect the price.
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