Gold Spot / U.S. DollarUpdated Rejection line formed in GOLD - Bullish beyond breakout
Gold prices can rally beyond breaking the rejection zone. It is still in the accumulation zone as per my previous post on the gold chart,
We have see two false breakouts happend in the last two weeks beyond and below our accumulation zone.
Bear zone is also indicated. If price falls to that zone, bears take control.
We have see two false breakouts happend in the last two weeks beyond and below our accumulation zone.
Bear zone is also indicated. If price falls to that zone, bears take control.
Note
Accumulation Zone upside line has acted as rejection.Note
Settled back into our accumulation zone after a small breakout upside.Trade closed manually
Idea for the coming week posted on profile.
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Related publications
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.