Weekly Gold Analysis
We have recently broken a swing high
this triggers the algorithm to seek higher prices
In order for them to do so they need to create a swing low
to get in trend with the market.
The algorithm buys in down candles not up candles.
We also broke a swing Low on the weekly when gold traded to 1780.
If we don't break the Previous weeks high this will complete the weekly swing High formation.
Once it is formed we can go short on the 3rd candles low.
this triggers the algorithm to seek higher prices
In order for them to do so they need to create a swing low
to get in trend with the market.
The algorithm buys in down candles not up candles.
We also broke a swing Low on the weekly when gold traded to 1780.
If we don't break the Previous weeks high this will complete the weekly swing High formation.
Once it is formed we can go short on the 3rd candles low.
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