The Weekly on Gold shows a few interesting things.
1. Double Bottom.
2. The most recent candle is a doji.
3. Price often is rejected in this area in the past.
These could be potential bullish signs.
HOWEVER
On the other hand, if price continues to go down, it could turn into something similar to what happened beginning in April 2013.
Price pushed down about the same amount as the range it was in.
1. Double Bottom.
2. The most recent candle is a doji.
3. Price often is rejected in this area in the past.
These could be potential bullish signs.
HOWEVER
On the other hand, if price continues to go down, it could turn into something similar to what happened beginning in April 2013.
Price pushed down about the same amount as the range it was in.