Bullish scenarios: 1. Slight pullback to the weekly pivot before resuming uptrend. If it breaks a new weekly high at the red resistance line with for then watch for a close of 2875 tp 2885 range. Careful of a triple top drop at red line. 2. Pullback to 20 Period EMA or 50 day SMA. If support holds at the 50 SMA then look for a resumption of the uptrend per...
Wedge in Wedge indicating overbought condition. Price target identified. Entry at pink resistance or upper wedge line.
/GC is hitting resistance which has been tested several times. Contrary to popular opinion this weakens resistance (or support). Gold is range bound/consolidating on 1h chart which is in a prior 1h uptrend. /GC is hitting resistance which has been tested several times. Contrary to popular opinion this weakens resistance (or support). Gold is range...