Gold Extends Rally into 6th Day
On Wednesday, Gold continued to climb higher, extending its rally for a 6th straight day. On today's chart, I've put back my triple Bollinger Band setup so we can get a better idea on what price is doing. We are currently at the inner Band, which is set to 1.0 Standard Deviation from the 21 day moving average. It looks pretty certain that gold wants to move to the upper Band to complete, what I call a 'Coast to Coast' trade.
The Heikin-Ashi Delta indicator at the bottom also shows that the current trend is continuing to be bullish.
Disclaimer: This post is for educational purposed only. Please trade at your own risk.
The Heikin-Ashi Delta indicator at the bottom also shows that the current trend is continuing to be bullish.
Disclaimer: This post is for educational purposed only. Please trade at your own risk.
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