GOLD
Price rejected resistance near the 50EMA at $1744.
Price rejected both 100EMA and 200EMA bouncing back up from support at $1731.
scenario 1: price might breakout from the mini bullish channel breaking through the EMAs' aiming to touch $1760.
scenario 2: price might range between the 20EMA resistance and the 200EMA support.
scenario 2: price might continue within the mini downtrend channel then breaking above to find resistance at the 100EMA and support at the 200EMA.
-disclaimer: this information is not a recommendation to buy or sell. I encourage you to trade carefully.
Price rejected resistance near the 50EMA at $1744.
Price rejected both 100EMA and 200EMA bouncing back up from support at $1731.
scenario 1: price might breakout from the mini bullish channel breaking through the EMAs' aiming to touch $1760.
scenario 2: price might range between the 20EMA resistance and the 200EMA support.
scenario 2: price might continue within the mini downtrend channel then breaking above to find resistance at the 100EMA and support at the 200EMA.
-disclaimer: this information is not a recommendation to buy or sell. I encourage you to trade carefully.