Hello traders,
Let's go back on a downtrend on weekly chart for GOLD.
Now considering last week that gold has finished a weekly correction up to hit the line again on position 4, it is possible for gold to continue downtrend from 4 to 5 IN THE COMING FEW WEEKS.
This assumption won't be valid if gold rally up to break the weekly trend line.
So for this week, we would keep more focuses on the 4H selling confirming signal to open sell.
Don't forget CPI AND PPI this week. They could give more clues for gold traders.
GOOD LUCK!
LESS IS MORE!
Let's go back on a downtrend on weekly chart for GOLD.
Now considering last week that gold has finished a weekly correction up to hit the line again on position 4, it is possible for gold to continue downtrend from 4 to 5 IN THE COMING FEW WEEKS.
This assumption won't be valid if gold rally up to break the weekly trend line.
So for this week, we would keep more focuses on the 4H selling confirming signal to open sell.
Don't forget CPI AND PPI this week. They could give more clues for gold traders.
GOOD LUCK!
LESS IS MORE!
