GOLD [Neutral] need more signs for constructing a channel
Observation:
- Price action from previous Strong Downtrend
- Market Sentiment @ 1244.01
Analysis
- If price action breaks @ 1262.79 = high probability of END of downtrend
- If price action breaks @ 1203.24 = high probability of price reversal at 1126.52
Conclusion:
Watch for more signs in the market.
- Price action from previous Strong Downtrend
- Market Sentiment @ 1244.01
Analysis
- If price action breaks @ 1262.79 = high probability of END of downtrend
- If price action breaks @ 1203.24 = high probability of price reversal at 1126.52
Conclusion:
Watch for more signs in the market.
Price action still on bullish trend as it travel inside the upward channel.
Probably will take profit at 1312.8