GOLD Analysis
Updated
Gold has formed a double bottom and price has retest the neckline. An impulse move should be expected.
With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend.
With the formation of the double bottom price has also created a new low, it may be safe to expect price to retrace and test the previous low and possibly meet resistance and continue the bearish trend.
Note
Price made a bullish impulse as expected. Due to the U.S election tomorrow, i decided to exit my position, although I still see price making a few more pips to the upside. I just didn't want to be in the market with the U.S looming.
P..S you don't have to get a home run every time, focus on getting base hits.
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