Good morning all,
Gold is currently bouncing around the 1557, 1558 price mark. Hoping the analysis shown can predict a possible outbreak before a possible re-adjustment to the price once the breakout has began to slow down/finish. The Blue zones show the area of which a breakout would cross & the highlighted rectangle shows frequent consolidation around that...
The current price of Gold looks to be consilidating, shown on the grapgh i have added a potential TP & SL for a Short Trade. Please let me know what you think!. All Elements Published is my own Opinion & NOT investment advice. Comment & Share your ideas and views.
I have marked areas prices have hit previously, I have used these as support & resistance lines & from this I have generated possible entries for either Buy or Sell. This think. could potentially be a Short.
All Elements Published is NOT Investment Advice.
Please let me know what you think.