Gold Outlook
Updated
If 2620.96 is broken and closed below I will be looking for a retest. Currently sitting at 38.2 for a trend continuation. Micro trend is bearish at the moment.
The bullish channel which began back in February 2024 has broke and current price is the top of the retest outside of said channel whilst also the top of a newer bearish channel.
High probability that I will be looking at short positions in the near future.
The bullish channel which began back in February 2024 has broke and current price is the top of the retest outside of said channel whilst also the top of a newer bearish channel.
High probability that I will be looking at short positions in the near future.
Trade closed: target reached
I could easily take the trade here if we were within a session with minimal risk but I would like have to wait until tonight for its decline and also pay swap. I will set alert and come back to it.
Note
When price does break 2620 and close I am loading up.
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