BullBearMkt

A Break Down Of Gold Data - What To Know About Gold Price Movt

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has witnessed some level of decline in the past 2 weeks with these bearish weeks given an inside bar . The 1st bearish week was rejected and ended in a long bottom wick and small candle body (this is invariably is bullish ), while last week ended 11/06 was a complete bearish week. Prior to these bearish weeks, the precious metal has witnessed 4 strong uninterrupted bullish weeks with little top wicks and only 1 with a long bottom wick.

Putting these into perspectives, the bulls are still in total control of gold price.

Next week, IF price fall below 1870 AND rejected, then gold will re-test its recent high above 1900 and ultimately gunning towards 1950 - 2000.

N.B
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Comments

Good idea

XAUUSD has shown Bearish Divergence in daily chart. it might move down to 1770 area.

extremely thank you for sharing nice data
+2 Reply
BullBearMkt BitonGroup
@BitonGroup, It's a pleasure...
+1 Reply
thanks for sharing
+1 Reply
BullBearMkt leonstraycat
@leonstraycat, It's a pleasure...
Reply
Grateful for this idea!
+1 Reply
BullBearMkt AlkalineFX
@AlkalineFX, Thanks bro
Reply