Hi everyone. Here we're looking at Gold.
Previously, we have been seeing the formation of a correction / ascending channel, and as we all know we'll expect a breakout below the channel followed by continuation correction.
Gold made a strong impulsive breakout and made a first correction, the continue downward now making the second correction.
this doesn't guarantee that gold will fall in price but instead it's showing a high probability that gold will continue it move to the downside.
now we all know after an impulse, we see a correction, this is the phase Gold is in currently.
I'll be entering trade after the breakout of that correction. trade carefully, ensure you have your risk management
if you like my analysis don't forget to like, and follow me for more update whenever I make new analysis.
Previously, we have been seeing the formation of a correction / ascending channel, and as we all know we'll expect a breakout below the channel followed by continuation correction.
Gold made a strong impulsive breakout and made a first correction, the continue downward now making the second correction.
this doesn't guarantee that gold will fall in price but instead it's showing a high probability that gold will continue it move to the downside.
now we all know after an impulse, we see a correction, this is the phase Gold is in currently.
I'll be entering trade after the breakout of that correction. trade carefully, ensure you have your risk management
if you like my analysis don't forget to like, and follow me for more update whenever I make new analysis.
Trade active
breakout occurred already,
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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.
Related publications
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.