possible moves in March
if gold drops to the support set out and grabs the liquidity of point A, respects the double bottom and respects Point B we could see a bounce upwards. the position may respect the downwards trend of the daily position. so the position isn't viable as of now, as we are ranging but with the last positional push gold broke the boundaries towards upward momentum,
currently we are seeing a bearish flag pattern in the short term which is a good for collecting long positions and to create a trap towards the upside and collecting stop losses and making a correction. the next few weeks are very important for gold this year.
currently we are seeing a bearish flag pattern in the short term which is a good for collecting long positions and to create a trap towards the upside and collecting stop losses and making a correction. the next few weeks are very important for gold this year.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.