HAPPY NEW YEAR TRADERS ...ITS BACK TO WORK AS USUAL, THIS WEEK'S GOLD ANALYSES ARE QUIET SIMPLE JUST LEND ME 2 SECONDS OF YOUR TIME ...
Last week Gold bounced off a local resistance zone and came back breaking through it creating a new high, so currently Gold is looking bullish .
SO WHAT TO EXPECT? Very simple, I will be waiting for a bullish flag or a correction to retest the broken resistance which is now acting as support and by the 3rd touch of the support trendline and a bullish candle kicker, it would give me enough confluence and confidence to take a long position , unless it plays out otherwise.
(THIS IS JUST AN IDEA NOT A SIGNAL)
Last week Gold bounced off a local resistance zone and came back breaking through it creating a new high, so currently Gold is looking bullish .
SO WHAT TO EXPECT? Very simple, I will be waiting for a bullish flag or a correction to retest the broken resistance which is now acting as support and by the 3rd touch of the support trendline and a bullish candle kicker, it would give me enough confluence and confidence to take a long position , unless it plays out otherwise.
(THIS IS JUST AN IDEA NOT A SIGNAL)
