Gold has no concrete direction right now!
After finishing an uptrend, the chart broke its parallel channel and entered a side way consolidation phase. In this current situation, there is no solid speculation for the future of the chart.
The only thing which is possible here is to short when we are near the top and open a long position near the bottom(supporting areas).
We should be cautious about tonight’s federal reserve’s statement. That news would make the markets move very extremely!
Good luck.
The only thing which is possible here is to short when we are near the top and open a long position near the bottom(supporting areas).
We should be cautious about tonight’s federal reserve’s statement. That news would make the markets move very extremely!
Good luck.
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