2.26-3.01 Gold Weekly Outlook
Hello traders,
GOLD is not good for bearish side traders last week. It kept running down sideways price action which looks like a flag on 4H chart, and then rallied up again on LAST FRIDAY to finish those flag corrective price action.
But all these looks like the final move for bull to me. Check the left weekly chart, as long as Gold still not breaking through the downtrend channel, my bearish view continues.
On the right 4H chart, it could be a position 4 for a new start of swing this week.
So just wait and keep eyes on this position for selling confirming signal and try to sell to follow this weekly bearish view.
GOOD LUCK ON THIS WEEKLY PLAN.
LESS IS MORE!
GOLD is not good for bearish side traders last week. It kept running down sideways price action which looks like a flag on 4H chart, and then rallied up again on LAST FRIDAY to finish those flag corrective price action.
But all these looks like the final move for bull to me. Check the left weekly chart, as long as Gold still not breaking through the downtrend channel, my bearish view continues.
On the right 4H chart, it could be a position 4 for a new start of swing this week.
So just wait and keep eyes on this position for selling confirming signal and try to sell to follow this weekly bearish view.
GOOD LUCK ON THIS WEEKLY PLAN.
LESS IS MORE!
Comment:
This plan could be work for GOLD.