Since October 27 Gold is recovering into an upward move. The chart is still respecting the Major Blue ascending channel. But recently a new Purple one evolved inside the Blue channel.
The Strong support zone was retested twice pushing the chart into a favorable bullish momentum. The 2nd Support zone is actually being confirmed as solid, right now.
If it holds, we will have a strong upward move inside the purple channel, or a less powerful one potentially respecting the middle blue line. Both Scenarios will be eventually on the way to breach the red zone & making a new Top.
If the actual support zone is weak, Gold will breach down the purple channel, back to the Blue one, closing in again on the Strong Support zone.
I still favor an Upward move even if it might go a bit sideways 1st.
Trade Safe.
The Strong support zone was retested twice pushing the chart into a favorable bullish momentum. The 2nd Support zone is actually being confirmed as solid, right now.
If it holds, we will have a strong upward move inside the purple channel, or a less powerful one potentially respecting the middle blue line. Both Scenarios will be eventually on the way to breach the red zone & making a new Top.
If the actual support zone is weak, Gold will breach down the purple channel, back to the Blue one, closing in again on the Strong Support zone.
I still favor an Upward move even if it might go a bit sideways 1st.
Trade Safe.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。