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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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.