Inflation numbers are coming tomorrow so beware for extreme volatile gold market. This Time I think it is going to break through the ascending trend line but only time will tell.
also two confirmation on the technical side we should pay attention to is, if one the chiko span is going to cross the candlesticks.
And the second if the kumo b is pointing up those are the two confirmation we need.
On the fundamental side we should see the fed panicking a bit over inflation that would also be a positive factor in this scenario, but if they still see it as transitory (which would be absolutely crazy) we should be careful taking a long position.
chart is in weekly*
also two confirmation on the technical side we should pay attention to is, if one the chiko span is going to cross the candlesticks.
And the second if the kumo b is pointing up those are the two confirmation we need.
On the fundamental side we should see the fed panicking a bit over inflation that would also be a positive factor in this scenario, but if they still see it as transitory (which would be absolutely crazy) we should be careful taking a long position.
chart is in weekly*
Comment:
I meant descending trend line sorry :)
Trade closed: target reached:
Target had been reached congratulations to everyone who have profited with us. :)