-Gold has break the daily downtrend with a massive volum so far.
-Based on my analysis on the daily chart,gold indicates an uptward trend towrds the next target (1900-1960)
-We can see The end of the down trend on daily fraim confirmed by the huge volume on 21-jan-22... plus the spring box candle with interesting volume confirms the end of the daily down trend...bulls are in market now.NO MORE SELL POSITIONS....i think the market's is about to change direction!
After the break-out of the bullish trend on 21 NOV,the price has been return to test the market again and failed to break-in the up trend instead,the price showed important reversal signs that confirme the start of the bearish trend:
-Monthly fraim showed a spring box with a big upper wick on 3'OCT'21(the start of the bearish trend)
-On daily fraim we can see...
Armaco touched a key level 37.50 and shows a spring box candle with an intersting upper wick and big VOLUME on daily,H4 fraims
-CAREFUL!Armaco is on strong key level that plays the role of a resistance !!
-Don't rush buying now and wait for the confirmation candle
i will share with u more informations about Aramco,saudi arabia oil co in the coming days!STAY TUNED!!
