Gold gold gold. You make us think sometimes dont ya. Supp guys, woday im gonna share my idea with this lovely market of gold. Lets get right to it;
Ok so basically we can see that gold has been trending downwards for the last few days, but it seems today we have broken the top channel of this trend. The early part of the day was very choppy, signaling us that the marlet is building liquidity. This also means the pair is "charging up" to push to the upside. Im confident that if we can get some more bullish closes on lower time frames we are going to see gold push up. The previous candles have very long wicks on the bottoms, signafiying to us buyers are shooting the price back up.
On the off chance we dont continue up, price could get rejected at the lower resistance marked by the dark teal dashed line. I truly feel this is a reversal to the upside but i will be ready for either direction.
TRADE SAFE, TRADE ACCURATE, TRADE PRECISE
FOLLOW ME FOR MORE IDEAS AND JOIN THE PRECISION SQUAD!!
Ok so basically we can see that gold has been trending downwards for the last few days, but it seems today we have broken the top channel of this trend. The early part of the day was very choppy, signaling us that the marlet is building liquidity. This also means the pair is "charging up" to push to the upside. Im confident that if we can get some more bullish closes on lower time frames we are going to see gold push up. The previous candles have very long wicks on the bottoms, signafiying to us buyers are shooting the price back up.
On the off chance we dont continue up, price could get rejected at the lower resistance marked by the dark teal dashed line. I truly feel this is a reversal to the upside but i will be ready for either direction.
TRADE SAFE, TRADE ACCURATE, TRADE PRECISE
FOLLOW ME FOR MORE IDEAS AND JOIN THE PRECISION SQUAD!!