hello guys ,
after today it seems like gold want to move up here is why :
first of all On the daily time frame we have a double bottom
Today the price broke a key trendline which he rejected for quite some time
the price also broke last 30 days point of control (poc) which means buyers beated the sellers.
also the close of the daily candle indicates a bullish continuation .
confirmation is the break of 2035 area which plays as a resistance zone and a neckline of the daily double bottom if the break out is valid.
TARGETS ARE ON CHART .
keep in mind this week is super action packed due to fondamentals so watch out for those.
after today it seems like gold want to move up here is why :
first of all On the daily time frame we have a double bottom
Today the price broke a key trendline which he rejected for quite some time
the price also broke last 30 days point of control (poc) which means buyers beated the sellers.
also the close of the daily candle indicates a bullish continuation .
confirmation is the break of 2035 area which plays as a resistance zone and a neckline of the daily double bottom if the break out is valid.
TARGETS ARE ON CHART .
keep in mind this week is super action packed due to fondamentals so watch out for those.