My favorite day of the week is coming.
Gold has been breaking upwards due to huge retailers shorting the Gold. Now, 3 upside wave are completed and met with a daily resistance. I am expecting a retest from previous breakup before heading up. Or maybe breaking down.
Gold has been breaking upwards due to huge retailers shorting the Gold. Now, 3 upside wave are completed and met with a daily resistance. I am expecting a retest from previous breakup before heading up. Or maybe breaking down.
Note
Potential Double Top, wait reaction on yellow box to long or short. Continue long if it breaks higher.Note
Gold Bull is very stubborn... But we may see its weakened...Note
Cheers... Note
I wouldn't want to long as yet.. I still favour lower for correction.Note
Wait for reaction for next week target... 1840 or 1775Note
Good Luck!
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.
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.