This is just a general analysis of Gold.
We are on the 4-Hour chart.
We can see that gold has indeed pierced above the 1810.5 price point as predicted last week.
There are no major setups at the moment but we are looking for the price to come back down again to test the 1810.5 as a support level before carrying on its movement upwards to the 1830 zone.
We do see volume decreasing as well which shows us there could be a move soon.
Let’s keep an eye out and as always, I will post should anything show up as a potential entry.
Have a great week traders!
We are on the 4-Hour chart.
We can see that gold has indeed pierced above the 1810.5 price point as predicted last week.
There are no major setups at the moment but we are looking for the price to come back down again to test the 1810.5 as a support level before carrying on its movement upwards to the 1830 zone.
We do see volume decreasing as well which shows us there could be a move soon.
Let’s keep an eye out and as always, I will post should anything show up as a potential entry.
Have a great week traders!