Last weeks GOLD analysis was done on the daily, which made any moves GOLD made look insignificant.
Taking a look at the 4hr, we see gold has been ranging between 1730-1740.
At this point its 50/50 (not tradable) if we break below 1730 then we have further bearish to come (I'm still thinking 1600).
A bullish GOLD would look like a break above 1740, test of support and break above 1750 prompting a new bull run for GOLD (if you trade silver imagine the price!!!).
NOT financial advice but be inspired.
Taking a look at the 4hr, we see gold has been ranging between 1730-1740.
At this point its 50/50 (not tradable) if we break below 1730 then we have further bearish to come (I'm still thinking 1600).
A bullish GOLD would look like a break above 1740, test of support and break above 1750 prompting a new bull run for GOLD (if you trade silver imagine the price!!!).
NOT financial advice but be inspired.
Trade closed: target reached:
Gold continued its bearish movement and bounced at 1700.
The Bulls could be taking over can we get above 1720-1730.
The Bulls could be taking over can we get above 1720-1730.
