👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Gold has been moving very clear for the past 2 weeks. Price is currently accumulating breaking new highs and is moving above the 10,50,200emas very nicely. Price is currently a little over extended and can pull back to the 10ema at the beginning of the week.
Validation 30m: Price is breaking new highs and has pulled back to the 10ema. We could maybe see price break new highs and continue to go higher. Price is moving very nicely above all 3 emas 10,50,200 and looks like it wants to continue higher.
Analysis summary: Price is currently above all 3 emas and breaking new highs very nicely. I am Expecting bullishness once again throughout the week. If price delivers to break bullish I will happily look for my entry setup on the 5m chart!
Good luck all Gold traders! Have a great week!
5hr chart:
Context 5hr: Gold has been moving very clear for the past 2 weeks. Price is currently accumulating breaking new highs and is moving above the 10,50,200emas very nicely. Price is currently a little over extended and can pull back to the 10ema at the beginning of the week.
Validation 30m: Price is breaking new highs and has pulled back to the 10ema. We could maybe see price break new highs and continue to go higher. Price is moving very nicely above all 3 emas 10,50,200 and looks like it wants to continue higher.
Analysis summary: Price is currently above all 3 emas and breaking new highs very nicely. I am Expecting bullishness once again throughout the week. If price delivers to break bullish I will happily look for my entry setup on the 5m chart!
Good luck all Gold traders! Have a great week!