Bulls have taken price all the way up and they are exhausted at the moment, is this consolidation going on meant for them to gather steam to continue their bull run or is the consolidation for testing the resistance in this level?
I believe Gold has touched a confluence over here and the bears are going to take over and bring price all the way to the 1735 area before the next major move.
Like I always state, this isn't financial advice, do your own analysis and trade wisely because trading CFD's on margin is very risky for noobs.
Have a great one!
Cheers!
I believe Gold has touched a confluence over here and the bears are going to take over and bring price all the way to the 1735 area before the next major move.
Like I always state, this isn't financial advice, do your own analysis and trade wisely because trading CFD's on margin is very risky for noobs.
Have a great one!
Cheers!
