Is Gold back Bullish?
Gold has created a double bottom at this significant level of support.
Moreover, the final candle that we see is a Bullish Engulfing. I think we could begin to see some upward movement again.
Additionally, there is a trend line created. I think that price has potential to move up and touch the trend line again.
A touch of the trend line could come after an initial push, followed by a retouch of this zone.
If price eventually breaks this trend line, we could see Gold pushing back into higher prices.
Gold has created a double bottom at this significant level of support.
Moreover, the final candle that we see is a Bullish Engulfing. I think we could begin to see some upward movement again.
Additionally, there is a trend line created. I think that price has potential to move up and touch the trend line again.
A touch of the trend line could come after an initial push, followed by a retouch of this zone.
If price eventually breaks this trend line, we could see Gold pushing back into higher prices.