Hello traders,
GOLD has made such a long leg up and break through weekly EMA support and now it is still moving above those EMAS.
Last Friday NFP help GOLD reach 2000 again. But soon after NY session start, it show weakness of pushing price higher.
This could give sellers signs that price could pull down for a correction after a strong wave from 1811 to 2003.
For this second week of Dec, I would like to think about a wide range sideways price action for GOLD, ranging from EMA support and last high OR HIGHER THAN LAST HIGH.
GOOD LUCK THIS WEEK.
LESS IS MORE!
GOLD has made such a long leg up and break through weekly EMA support and now it is still moving above those EMAS.
Last Friday NFP help GOLD reach 2000 again. But soon after NY session start, it show weakness of pushing price higher.
This could give sellers signs that price could pull down for a correction after a strong wave from 1811 to 2003.
For this second week of Dec, I would like to think about a wide range sideways price action for GOLD, ranging from EMA support and last high OR HIGHER THAN LAST HIGH.
GOOD LUCK THIS WEEK.
LESS IS MORE!