Gold had been trending bearish before it made a HH recently. Currently it has made a probable HL (to be confirmed after it breaks above HH) at 0.38 Fib level, indicating a possible bullish continuation. Long positions may be planned accordingly
Note
gold has came down almost till previous HL. Bias still remains bullish and long entry should be taken only after it breaks above the HH
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.
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.