Gold finally reached a lower boundary of a major horizontal weekly trading range. As I predicted, the market bounced nicely from that.
On focus is a falling parallel channel on a daily time frame now. While the market stays within that gold remains bearish. I would suggest waiting for its bullish breakout as a trigger for buying again.
For now, be patient and let the market trade within the channel.
Good luck next week!
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Wait for a channel breakout, traders that is your trigger to buy
SignalProvider
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Thanks for sharing!
khedri52
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Gold is trading in a down trend. However, the price is at oversold zone where I pulls are expected to show up. Check out the chart for the 3 scenario that I'm planning to get on the next week for a long position
that is your trigger to buy