Price consolidated at a short term support before displaying a strong bullish impulse away.
The TR also formed somewhat of a (weak) double bottom before the impulse, providing a bit more confluence.
Since generally speaking, gold experiences a bit of rally during the holidays, my overall bias month is bullish,
and so I'd like to think that price will at least be able to reach old S&R levels.
The TR also formed somewhat of a (weak) double bottom before the impulse, providing a bit more confluence.
Since generally speaking, gold experiences a bit of rally during the holidays, my overall bias month is bullish,
and so I'd like to think that price will at least be able to reach old S&R levels.