The price of gold breaks its lowest high creating a bullish opportunity where it could take prices close to $2050.
We are currently in the sub wave 3 that seeks to finish the major wave 3 of a higher wave 3.
We find next resistance in $2027and support in $2007. The market structure is still maintained, which indicates stability for Gold.
The
DXY
should also be taken into account, where it could potentially make a lower low than the previous one, providing greater strength to the trajectory of gold, otherwise Gold would break into a correction to maintain its upward trend, something We will see in Monday's session.
Happy trading day traders
We are currently in the sub wave 3 that seeks to finish the major wave 3 of a higher wave 3.
We find next resistance in $2027and support in $2007. The market structure is still maintained, which indicates stability for Gold.
The
DXY
should also be taken into account, where it could potentially make a lower low than the previous one, providing greater strength to the trajectory of gold, otherwise Gold would break into a correction to maintain its upward trend, something We will see in Monday's session. Happy trading day traders