As Seen, the Trendline broke and gold continue to go up. Watch closely, there is a resistance awaits so there are two possibility :
1st possibility If the Momentum of the bullish is so strong, gold might continue go up without a pullback
2nd possibility the gold might react to the resistance and then do a pullback first to the trendline and then go up higher.
So the trend is up but we need to wait what the market decide and than we can enter the market.
Hope my input is helpful :)
Always remember account management is important.
1st possibility If the Momentum of the bullish is so strong, gold might continue go up without a pullback
2nd possibility the gold might react to the resistance and then do a pullback first to the trendline and then go up higher.
So the trend is up but we need to wait what the market decide and than we can enter the market.
Hope my input is helpful :)
Always remember account management is important.
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.