XAU/USD (Drop maybe coming again)
Gold could be forming three black crows on the 4hr, which could be a signal of the dip that is coming before the rise.
Also to note is that it has broken the tl however fails to hold above. as said if gold cannot hold it may fall once more before the huge rise bull trend.
On the 8hr charts however gold has formed three white soldier. until the close of this 8 hr bar and the next 8 hr bar we won't know if gold is fully bullish.
be patient and wait for the proper signals to either buy gold or sell
Also to note is that it has broken the tl however fails to hold above. as said if gold cannot hold it may fall once more before the huge rise bull trend.
On the 8hr charts however gold has formed three white soldier. until the close of this 8 hr bar and the next 8 hr bar we won't know if gold is fully bullish.
be patient and wait for the proper signals to either buy gold or sell
Comment:
If gold is able to close above the trend line within the next 8 hours we are bullish. however if it doesn't close above then wait on the pull back and buy.