Currently what I'm seeing on Gold Price Action. Overall Gold is still Bullish.
But at the moment the price is still in consolidation, and below my 4HTF Resistance Trendline, but the price is forming a bullish rally due to the collected liquidity in the Asian session. The local pattern “double bottom” is formed (false breakdown of support) and the next target is the resistance of consolidation 2926.
We still have News tomorrow and Trumps Tarrifs so we'll see how price reacts to them.
But at the moment the price is still in consolidation, and below my 4HTF Resistance Trendline, but the price is forming a bullish rally due to the collected liquidity in the Asian session. The local pattern “double bottom” is formed (false breakdown of support) and the next target is the resistance of consolidation 2926.
We still have News tomorrow and Trumps Tarrifs so we'll see how price reacts to them.
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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.