hi
gold is in a bearish trend at short term. if you think it has a bullish momentum there, here is my calculate.how?
- gold didnt choch of it is bearish trend, but after yesterdays big fat bearish candle, market took profit of 25bps purchase than recovering for today's data.
- this week is important for bulls cuz they are not pushing up price to higher highs, market gives sense of they are looking to break 1980 level of this range bound and swinging very close to choch, if you believe patterns one there; head shoulder. this way looking is important.
-if todays data pulse give bulls a momentum, i think price will go back to pivot first which 1972 level.
-the other important thing this week bulls had a target to close gold upper than 1982 level.now this cannot happen.
-if you want to long gold wait for this move. now early
cy
gold is in a bearish trend at short term. if you think it has a bullish momentum there, here is my calculate.how?
- gold didnt choch of it is bearish trend, but after yesterdays big fat bearish candle, market took profit of 25bps purchase than recovering for today's data.
- this week is important for bulls cuz they are not pushing up price to higher highs, market gives sense of they are looking to break 1980 level of this range bound and swinging very close to choch, if you believe patterns one there; head shoulder. this way looking is important.
-if todays data pulse give bulls a momentum, i think price will go back to pivot first which 1972 level.
-the other important thing this week bulls had a target to close gold upper than 1982 level.now this cannot happen.
-if you want to long gold wait for this move. now early
cy