The last hour candle is Bullish Engulfing & it should rise!
I don't thinK Gold in its present state of cycle has enough fortitude to rise higher past the trend or not ??? i do believe Gold will need a little more of a squeeze before popping up with momentum! Which means a dive further down for more pressure to be exerted then the volcanic reaction??
Gold's looking for equilibrium and when it seeks it out and finds it it will turn bullish in a New York minute!!
I don't thinK Gold in its present state of cycle has enough fortitude to rise higher past the trend or not ??? i do believe Gold will need a little more of a squeeze before popping up with momentum! Which means a dive further down for more pressure to be exerted then the volcanic reaction??
Gold's looking for equilibrium and when it seeks it out and finds it it will turn bullish in a New York minute!!
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Similar Trending patterns?? If it holds true squadush this little rally! Wash-rinse-repeat???
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Yes i know it looks like bullish falling wedge its just not completely developed & this is on a hourly time cycle so don't get to excited thinKing its' going to pop up super bullish it will not it's not ready yet ???