Last weekly post, I expected gold to go up based on the green weekly bar. However, I didn't notice the red 2W bar and the price did go down instantly and touched 3120. With the weekly bar closed above 3165 support and EMA line, I do expect the price continue to grow. Although current weekly bar is red, I will be cautious engaging selling orders.
From daily TF, I did notice the completion of daily 5 waves. If 3252 is broken, we could see the bullish run up to 3420.
I will closely monitor the price actions in lower timeframe for trading next week. Enjoy your weekend!
From daily TF, I did notice the completion of daily 5 waves. If 3252 is broken, we could see the bullish run up to 3420.
I will closely monitor the price actions in lower timeframe for trading next week. Enjoy your weekend!
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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.