Gold Neutral (shhhh bullish bias)
Updated
For the purpose of this analysis I am neutral however price did break-out of a bearish channel which was more like a range that when side-ways in a downward angle in terms of the LH but same lows for 9 days.
Chart shows what I would like to see and obviously I would take long contracts as the corrective waves provided all parameters are met.
Chart shows what I would like to see and obviously I would take long contracts as the corrective waves provided all parameters are met.
Note
Any bullish confirmation failed at the retest.Note
I knew it would fall at this level however I didn't see it going through the floor the way that it did.I do however why I didn't see it. My channel was incorrect.
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