Gold direction
This is my current analysis. The first important thing is to find out how it behaves near the MA. So, I'm still neutral regarding direction.
Possible IDEAS:
To be bullish, it must hold the trend line with an arrow at the bottom (or) the MA in the middle.
To be bearish, there should be a fake bullish thrust (or) breaking of the first trend line with bearish price action pattern.
Possible IDEAS:
To be bullish, it must hold the trend line with an arrow at the bottom (or) the MA in the middle.
To be bearish, there should be a fake bullish thrust (or) breaking of the first trend line with bearish price action pattern.
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.