Hi traders.
Looks like on smaller time frame gold its finally breaking out form the channel . I think we might test weakly pivot or even 50 fib .. level . I'm not in any position and waiting for lower entry like I described in my lower chart link below . Just observing the behavior its important to see how much participation we will find in move from this level . we need to see volume significantly increasing if this is the time witch I don't see it here yet , If we start breaking monthly pivot things can get interesting ...
Looks like on smaller time frame gold its finally breaking out form the channel . I think we might test weakly pivot or even 50 fib .. level . I'm not in any position and waiting for lower entry like I described in my lower chart link below . Just observing the behavior its important to see how much participation we will find in move from this level . we need to see volume significantly increasing if this is the time witch I don't see it here yet , If we start breaking monthly pivot things can get interesting ...
