Rejection line formed in GOLD - Bullish beyond breakout
Updated
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.
Comment
Accumulation Zone upside line has acted as rejection.Comment
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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