Gold is ranging. A break of the consolidation structure and stability of the break ,will decide or reveal the direction of the commodity.
The right hand shoulder is being formed, as price action develops in the lower and middle timeframes. Price action might break the red trendline and test above higher barriers in the coming days or weeks.
The index broke a bearish trend, bounced off it, and momentum is now leading towards the upside!
Testing this week's breakthrough point to the upside.
Testing this week's breakthrough point to the upside.
Upward movements to retest the highs failed. Price we'll find support at the lower barriers!
The index broke a bearish correction and is headed to test the resistance barriers ahead!
Testing a support structure which was previsuly a resistance barrier.
Price action is ranging and might be headed towards the top.
Testing previous resistance that has become potenetial support!
The index will test previous resistance that has turned into a possible support structure.