GOLD IS LIKELY TO START BOUNCING AROUDN THE TREND LINE AREA WHICH IS SUPPORTED BY MASSIVE VOLUME TRADED THERE PREVIOUSLY AND LIKELY PLAYERS WHO TOOK THE PRICE UP FROM THE LAST DOUBLE BOTTOM (SAME AREA) WONT EASILY BE PUSHED THROUGH BY THE SHORTS. A BOUNCE FROM TRENDLINE IS THUS MORE LIKELY THAN A PUNCH THROUGH.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.