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#GOLD WEEKLY ANALYSIS - 2 SCENARIOS BOTH POINT TO 2300 #TRADING
Gold Spot / U.S. Dollar
Long
#GOLD WEEKLY ANALYSIS - 2 SCENARIOS BOTH POINT TO 2300 #TRADING
By ApexBull
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May 6, 2021
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May 6, 2021
SCENARIO1 "BULL FLAG": WE'VE SATISFIED MINIMUM CORRECTIVE REQUIREMENT OF 382
NOW WE CAN BREAK THE BULL FLAG TO THE TOPSIDE
SCENARIO2: WE DO A DEEPER CORRECTION TO 618
INSIDE THE CHANNEL BEFORE BREAKING OUT TO THE TOPSIDE
BOTH SCENARIOS ARE BULLISH WILL HAVE TO MONITOR
WAVE ANALYSIS MOMENTUM
BOTH TARGET 2300
Chart Patterns
Trend Analysis
Wave Analysis
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