GOLD has been strongly bullish for months now and has created a bullish pennant + resistance turned support which price all respected on it's way up and hence price created another resistance and we are expecting price to drop down to the resistance zone and use it for support for possibly continuation trend upwards. We patiently wait for price to reach the zone and give a ear price action before a possible entry long. Any violation to this might change our bias but for now, we await price to unfold!!
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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.