jigz91

gold analysis downtrend channel

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
in the Asian session there will be a consolidation period and since it already hit the support and the market makers got their liquidity there will be a formation of double bottom to wipe the retail traders . and when its bullish from there it will most likely consolidate around the 1939 mark at Asian session before it takes even higher and breaking the resistance and will most likely form higher high higher low to continue the bullish move . but I would wait for the confirmation if it isn't a fake out.

buy around 1888 and sell it at 1935 .
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