Detail Breakdown on GOLD Mid-Long Term Outlook
Updated
Hello traders:
Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.
There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.
Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.
In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.
There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.
Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.
In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.
Any questions, comments or feedback welcome to let me know.
Thank you
Jojo
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