Hello my friends, today I want to talk with you about GC (gold)
Amidst the equity market rout on Friday, Gold made an attempt to break out.
The weekly chart shows a decent attempt to close higher than previous weeks (to months), but closed the week short of breaking out.
The daily chart reflects that attempt and the breakout was not sustained, although it clocked a higher high. Technicals appear to be turning bullish
Through my analysis, I see that the price will go to the target 1 and 2 in chart
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
Amidst the equity market rout on Friday, Gold made an attempt to break out.
The weekly chart shows a decent attempt to close higher than previous weeks (to months), but closed the week short of breaking out.
The daily chart reflects that attempt and the breakout was not sustained, although it clocked a higher high. Technicals appear to be turning bullish
Through my analysis, I see that the price will go to the target 1 and 2 in chart
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
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