GOLD: A small bullish wave may occur - SHORT TERM TRADE
GOLD: A small bullish wave may occur
After the price tested a very strong support zone during Friday European afternoon
we saw an immediate bullish volume that joined the market.
Price increased by approximately +1.4% in one hour.
Also today the incremental volume is small, but it is still around considering the concern about
US debt ceiling.
GOLD may create many scenarios at this moment but this bullish scenario has a higher
chance to happen. However, the risk is very big at this moment.
Thank you and Good Luck!
After the price tested a very strong support zone during Friday European afternoon
we saw an immediate bullish volume that joined the market.
Price increased by approximately +1.4% in one hour.
Also today the incremental volume is small, but it is still around considering the concern about
US debt ceiling.
GOLD may create many scenarios at this moment but this bullish scenario has a higher
chance to happen. However, the risk is very big at this moment.
Thank you and Good Luck!
Comment:
GOLD: The big wave is still down, so be careful as these are only small bullish corrective waves on the analysis above
Comment:
Trade closed: target reached:
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