We saw gold impose a strong bullish strength since the open of this new week, and even at the beginning of the new month (JULY).
Based on this analysis, this bullish momentum has structured in a bullish trend channel which has been shown, we still have more top liquidity to mitigate as we have made a bearish retracement for a continued bullish rally to 3360's, 3380's and 3400's.
Further updates would be given as the market gains momentum
Based on this analysis, this bullish momentum has structured in a bullish trend channel which has been shown, we still have more top liquidity to mitigate as we have made a bearish retracement for a continued bullish rally to 3360's, 3380's and 3400's.
Further updates would be given as the market gains momentum
Trade active
Trade result.....3360 has been taken out, If 3340's doesnt hold the bears, the channel could fail and go for lower liquidity
Trade closed: target reached
FAILED to touch 3380's as we had a turnaround at 3360's.As stated in the previous analysis, if 3340's didnt hold , it was expected to be a bear party' Thus, reason for the sell
Elite trader
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Elite trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.