Last week we saw gold buy up to the 4850's followed by a bearish retracement which closed the market on 4740's
Gold opens this week with a bearish gap to 4640's (100 points gap) before an ongoing bullish pullback which is now above 4700's . This gap was a bottom trend line retest after last week's supply move from the MID TREND line .This move was to complete the flow market within the trend channel.
This analysis highlights the Technical analysis in rekation to the Trend pattern showing the flow from bottom to top and vice-versa . This trend channel shows a bullish path back to 5000's after the heavy dump previously .
Gold opens this week with a bearish gap to 4640's (100 points gap) before an ongoing bullish pullback which is now above 4700's . This gap was a bottom trend line retest after last week's supply move from the MID TREND line .This move was to complete the flow market within the trend channel.
This analysis highlights the Technical analysis in rekation to the Trend pattern showing the flow from bottom to top and vice-versa . This trend channel shows a bullish path back to 5000's after the heavy dump previously .
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.