update on gold price ; early position from yesterday failed to maintain momentum adjustment made for price by returning to downside of previous trend pattern apex for support . re entry using fib ration .
strong bull take on current price expectation fo strong momentum to push price to top of trend channel close to previous strong bearish impulse / break . waiting for confirmation of solid break & retest of typical bull flag
bulls remain in control after simple retest of break to upside . favorite pair back in action ; expectation for double bottom reversal to hold and send price back to the upside. another entry secured after two successful runners , watching price closely.
next steps for the German market appears to be bearish ; keep in mind that these types of pennants can completely reverse if trend for price action is not broken and fulfilled . watching and eating for confirmation before entry
two possible scenarios ready to play out ;either bullish momentum or bearish will take over. current intraday seems to be headed towards bear control ; price currently breaking down watching for ending / retest point for next steps.