My favorite day of the week is coming.
Gold has been breaking upwards due to huge retailers shorting the Gold. Now, 3 upside wave are completed and met with a daily resistance. I am expecting a retest from previous breakup before heading up. Or maybe breaking down.
Gold has been breaking upwards due to huge retailers shorting the Gold. Now, 3 upside wave are completed and met with a daily resistance. I am expecting a retest from previous breakup before heading up. Or maybe breaking down.
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Potential Double Top, wait reaction on yellow box to long or short. Continue long if it breaks higher.
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Gold Bull is very stubborn... But we may see its weakened...
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Cheers...
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I wouldn't want to long as yet.. I still favour lower for correction.
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Wait for reaction for next week target... 1840 or 1775
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Good Luck!
Good Luck!