GOLD: Bearish to Bullish bias!!!
With price currently sitting at quite strong daily support, it is possible for the weekly trendline to be broken to the upside. Conversely, price could retrace to grab more liquity around 1745.00 before continuing upwards. Bearish confirmation would depend solely on the Monday daily candle closing below support. While an early bullish move would invalidate option 2.
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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.