This technical analysis of gold is based on indicators that im using and found effective.
Its a no brainer that the gold market as of this moment is gaining momentum again, going bullish for the start of the year 2021.
My advice for traders who wants to enter this this pair is that wait for it to go down a bit on the support that I indicated and based on the fibonacci retracement. Since is forming a bullish wedge, we can see that it might be able to break the current price and go upward.
Also, look for confluence on the pattern and RSI. If it follows, then I believe that our trade, and profit, will follow.
Its a no brainer that the gold market as of this moment is gaining momentum again, going bullish for the start of the year 2021.
My advice for traders who wants to enter this this pair is that wait for it to go down a bit on the support that I indicated and based on the fibonacci retracement. Since is forming a bullish wedge, we can see that it might be able to break the current price and go upward.
Also, look for confluence on the pattern and RSI. If it follows, then I believe that our trade, and profit, will follow.