Our higher time frame is suggesting a short opportunity. The smaller time frame is indicating that as it is gearing up to possibly break the current hourly CTL and make a move to the bottom of the consolidation box (1492). A break of this level can lead us to the 38.2 fib level which is at 1468. On the flip side, a break above our conslidaiton box can lead us to 1521 (monthly channel) and then to 1533.
Tomorrow is Friday, so we may see Gold's heading be more clearer during the early parts of next week. .
Tomorrow is Friday, so we may see Gold's heading be more clearer during the early parts of next week. .
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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.