Ok so... Gold has been very steady since last week and my bais is still bullish ,reason being that we have a strong support level in confluence with the reversal pattern that still needs to be completed before we could see some movement to the upside ...
I have 2 setups in line for this week , the first setup is a very common setup (expanding channel) and the 2nd setup is actually a double bottom supported by a support trendline on the bigger timeframe and we have the 1763-1759 as our strong support zone ..so one of the setups got to be a deal maker, unless price strongly breaks down bellow 1759...
(For the bigger picture see idea bellow)
I have 2 setups in line for this week , the first setup is a very common setup (expanding channel) and the 2nd setup is actually a double bottom supported by a support trendline on the bigger timeframe and we have the 1763-1759 as our strong support zone ..so one of the setups got to be a deal maker, unless price strongly breaks down bellow 1759...
(For the bigger picture see idea bellow)
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