Bearish Pullback - Short Run
Fundamental analysis:
There is controversy on the direction of gold fiction of gold, some seeing and saying a retest you are saying a retest of resistance high levels is possible. Whereas some and most see and agree to a bearish market due to hawkish fed reservation reports. Stimulating the indicators and price action in volatility to be more bearish.
Technical analysis:
Pretty much same as yesterday with the symmetrical triangle. The difference is the trade is touching the trade is touching the top level which is resistance which is resistance and indicators also suggest the suggest the same on the 2 hour time frame. Combining with the market sentiment to show a bearish upcoming trend direction.
There is controversy on the direction of gold fiction of gold, some seeing and saying a retest you are saying a retest of resistance high levels is possible. Whereas some and most see and agree to a bearish market due to hawkish fed reservation reports. Stimulating the indicators and price action in volatility to be more bearish.
Technical analysis:
Pretty much same as yesterday with the symmetrical triangle. The difference is the trade is touching the trade is touching the top level which is resistance which is resistance and indicators also suggest the suggest the same on the 2 hour time frame. Combining with the market sentiment to show a bearish upcoming trend direction.
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