- On the Intraday time frames we can see the Gold is holding Bullish Market Structure
- Gold peaked Intraday highs at 1795 KL, profit taking by buyers - price entered a nasty range and descending channel
- Poor retail sales had an opposite effect on DXY which was bullish effect and neutral effect on Gold
- Even tho we are having short term market fear develop Gold is in a ranging failing to break into new intraday highs an failing to break 1772.500 KL which is a key decision level
if anyone has anything to add pls do so
- Gold peaked Intraday highs at 1795 KL, profit taking by buyers - price entered a nasty range and descending channel
- Poor retail sales had an opposite effect on DXY which was bullish effect and neutral effect on Gold
- Even tho we are having short term market fear develop Gold is in a ranging failing to break into new intraday highs an failing to break 1772.500 KL which is a key decision level
if anyone has anything to add pls do so
Related publications
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.
Related publications
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.