the short-term downtrend line got broken yesterday. some fundamentals helped this moving high.
but, it is not a certain uptrend signal . as you can see we are in a small channel like a build up .
in the other hand we are still under the very S/R zone around the 1930usd. we have not still found any price action signal .but after breaking of this S/R zone it can be just a retesting movement to have a big downtrend towards critical support zones below the 1820usd.
Gold is in the long-term uptrend but, we cant open certain long positions unless going higher than last highs. but buying from lower supports can be more logical and safer.
please care about key zones instead of key lines then you can see we have not any clear signal for Gold yet.
but, it is not a certain uptrend signal . as you can see we are in a small channel like a build up .
in the other hand we are still under the very S/R zone around the 1930usd. we have not still found any price action signal .but after breaking of this S/R zone it can be just a retesting movement to have a big downtrend towards critical support zones below the 1820usd.
Gold is in the long-term uptrend but, we cant open certain long positions unless going higher than last highs. but buying from lower supports can be more logical and safer.
please care about key zones instead of key lines then you can see we have not any clear signal for Gold yet.
