Reasons gold could be going up.
We see that the 2nd to last candle before Friday's close is the doji formation candlestick which gives us the sense of a neutrality in price.
We are seeing a triangle formation formed on the daily chart which is a indication of a neutral market, but once we see price moving outside of the triangle we could see a breakout to the downside but for now we can assume that price will move between support and resistance and we are right now at the support level of this triangle formation.
If you are looking for some real trading education - check out my YouTube channel (Trade with H)
We see that the 2nd to last candle before Friday's close is the doji formation candlestick which gives us the sense of a neutrality in price.
We are seeing a triangle formation formed on the daily chart which is a indication of a neutral market, but once we see price moving outside of the triangle we could see a breakout to the downside but for now we can assume that price will move between support and resistance and we are right now at the support level of this triangle formation.
If you are looking for some real trading education - check out my YouTube channel (Trade with H)
Comment:
We nearly hit that SL in the open of the market today but seems as if price reversed and could be going up to the $1930 ..
Already in a profit
Do you think I am correct ?????
Already in a profit
Do you think I am correct ?????
Your thoughts...??