Happy New Year to you guys!!
Gold is still bull for us on weekly chart.
But on daily chart, it seems like about to make a correction after this first trading day ( Wednesday).
Gold has stop its rising pace on FIBO 1.414 of its 1st main uptrend. A correction signal is appear on daily chart , the reverse hammer outside the upper line of bollinger bands.
A correction could send price down to 1242-1251 zone ( blue support zone).
Then we will check it again to see how it go .
This is not a trading signal but a plan waiting for trading entry signal.
Less is more!
Gold is still bull for us on weekly chart.
But on daily chart, it seems like about to make a correction after this first trading day ( Wednesday).
Gold has stop its rising pace on FIBO 1.414 of its 1st main uptrend. A correction signal is appear on daily chart , the reverse hammer outside the upper line of bollinger bands.
A correction could send price down to 1242-1251 zone ( blue support zone).
Then we will check it again to see how it go .
This is not a trading signal but a plan waiting for trading entry signal.
Less is more!
