Looking at gold technically, the price has been oscillating up and down for some time now, and traders have been picking the top and bottom of the market profitably, meaning that the market is in the tradeable range. Maybe, this will continue till the coming week. Nobody knows.
What do we see in the movement of the market this morning? It's a ranging market condition. The price is currently in the supply area, preparing to head down lower to 1941.47 or 1941.38--TP targets.
Signal: a bearish fakey candlestick pattern has formed along with a bearish pin bar at the key level area.
What do we see in the movement of the market this morning? It's a ranging market condition. The price is currently in the supply area, preparing to head down lower to 1941.47 or 1941.38--TP targets.
Signal: a bearish fakey candlestick pattern has formed along with a bearish pin bar at the key level area.