Gold 2 possibilities to consider
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By reviewing the gold chart there are two possible scenarios in my view. I beleive gold is forming a bullish flag on daily and weekly and it might break out this week or it might take some more time, it will all depend on how its going to behave around 2047 area.
If we get a clear break and it manages to make a new high (very important) above 2063 then i will take that as a confirmation for the pattern to complete around 2127.
If it gets refused again from 2043-47 area then we might see 1995 or even lower before 2127.
I am in a buy position right now, with sl 2023 aiming first for 2043 and if i see a confirmation will hold for 2127.
Good Luck everyone!
If we get a clear break and it manages to make a new high (very important) above 2063 then i will take that as a confirmation for the pattern to complete around 2127.
If it gets refused again from 2043-47 area then we might see 1995 or even lower before 2127.
I am in a buy position right now, with sl 2023 aiming first for 2043 and if i see a confirmation will hold for 2127.
Good Luck everyone!
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