2024.2.19-2.24 GOLD WEEKLY OUTLOOK
Hello traders,
GOLD is bullish on 4H chart since last Friday even though CPI AND PPI are both high for US.
But check on this right weekly chart, GOLD is still running inside the downtrend channel and could make a new low after retesting the upper line of the channel.
So go back to check on left 4H chart, we are now looking for a entry position to sell gold down to the squeezing triangle bottom line for a new 4H swing leg.
GOOD LUCK ON THIS PLAN THIS WEEK.
LESS IS MORE!
GOLD is bullish on 4H chart since last Friday even though CPI AND PPI are both high for US.
But check on this right weekly chart, GOLD is still running inside the downtrend channel and could make a new low after retesting the upper line of the channel.
So go back to check on left 4H chart, we are now looking for a entry position to sell gold down to the squeezing triangle bottom line for a new 4H swing leg.
GOOD LUCK ON THIS PLAN THIS WEEK.
LESS IS MORE!
Comment:
4H chart looks good for GOLD sellers.
GOOD LUCK!
LESS IS MORE!
GOOD LUCK!
LESS IS MORE!
GOOD LUCK,guys!