Just a simple breakdown of the recent price action on Gold.
1) INDICATION Price created a range where sellers struggled to keep price down, buyers pushed upwards and created a new high.
2) CORRECTION Price corrected, breaking supports, creating LL's and LH's.
3) CONTINUATION Price broke back above the level, on New York session, on Tuesday buyers stepped in again, our entry.
1) INDICATION Price created a range where sellers struggled to keep price down, buyers pushed upwards and created a new high.
2) CORRECTION Price corrected, breaking supports, creating LL's and LH's.
3) CONTINUATION Price broke back above the level, on New York session, on Tuesday buyers stepped in again, our entry.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.