in the weekly time frame: gold is in an healthy uptrend and is making a flag to fly higher than its last highs ...2300 usd and more ....
in the daily time frame it is a downtrend channel and price is in the higher band of that.
gold need a strong close and at least one complete candle beyond this Chanel ....
if bears come in, Gold may make another short-term trend.
so it is just the time to keep looking and doing nothing.
in the daily time frame it is a downtrend channel and price is in the higher band of that.
gold need a strong close and at least one complete candle beyond this Chanel ....
if bears come in, Gold may make another short-term trend.
so it is just the time to keep looking and doing nothing.
