The weekly chart points to a rally, check it out below. This is an entry on that weekly long bias.
After a bearish divergence at an important resistance level, the histogram stopped falling. We had a false breakdown at the 25.75$ support level. The volume during this decline was higher than before, but the reward was minimum. My weekly targets are 31$, followed by 40$. My history on trading gold is terrible, 4 consecutive losing trades.
After a bearish divergence at an important resistance level, the histogram stopped falling. We had a false breakdown at the 25.75$ support level. The volume during this decline was higher than before, but the reward was minimum. My weekly targets are 31$, followed by 40$. My history on trading gold is terrible, 4 consecutive losing trades.
