Gold - pinbar for consolidation
Gold is on the rise.... possibly a little to quick for the present time and a distance away from the 20 period moving average.
Yesterdays long tailed pinbar, suggests a clear rejection of price from the 1550 level and may see consolidation between 1500 and 1550 in the coming days .
Gold is too bullish to short , and looking for an opportunity at support to reenter the uptrend may carry less risk with this highly volatile instrument.
Yesterdays long tailed pinbar, suggests a clear rejection of price from the 1550 level and may see consolidation between 1500 and 1550 in the coming days .
Gold is too bullish to short , and looking for an opportunity at support to reenter the uptrend may carry less risk with this highly volatile instrument.
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