As it can be clearly observed from the chart of GOLD, the price is stuck in a range and is trying to get out of it. Our bias for the pair remains bullish. Therefore, we are expecting the price to act according to the scenario that you can see on the screen.
In case the price breaks the lower boundary of the rectangular range, the idea will become invalid.
Happy trading, everyone!
In case the price breaks the lower boundary of the rectangular range, the idea will become invalid.
Happy trading, everyone!
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.
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.