The market is being contained in an triangle. Last time it did something like this, was Jan 1st which was a BIG move. I believe the market is waiting on the stimulus checks to be approve, but it could move regardless of that. Im sure the checks will pass. I am anticipating a bullish surge to the 1960ish or 1921 by the end of this week or the start of next...
. The market broken pass the daily resistance line that dates back to early August. The market then tested a declined trend zone formed by a dip in mid nov and early aug. The market is seemingly channeling upwards on the 4 hour spectrum since the start of december. Now the market rests on the inclined support line. I expect a continuation. However the market...
12/16/2020 XAUUSD Daily timeframe A declining line of resistance is met by the current market. Will it respect it? Or will it break it?
i use the fib on the key level to give me a good idea where the market is heading