I still waiting an opportunity to go Long in Gold.
By what I saw in the last day closed price, this might be a new low area.
In the Daily chart we saw an Engulfing Bearish candlestick pattern and this happened in the downtrend, some people that I talked to today said that this Engulfing might be representing an exhaustion downtrend and could be a potential for a bottom in the market.
But I think it's still have 65% probability that this candle could trigger another lower price in Gold.
Leave your comment below and let me know what you think with this Engulfing Bearish.
Good luck and have a nice profit!
Please help me to click the " Like " button if you this analysis helpful.
Thanks!!
By what I saw in the last day closed price, this might be a new low area.
In the Daily chart we saw an Engulfing Bearish candlestick pattern and this happened in the downtrend, some people that I talked to today said that this Engulfing might be representing an exhaustion downtrend and could be a potential for a bottom in the market.
But I think it's still have 65% probability that this candle could trigger another lower price in Gold.
Leave your comment below and let me know what you think with this Engulfing Bearish.
Good luck and have a nice profit!
Please help me to click the " Like " button if you this analysis helpful.
Thanks!!