LONG trade analysis for GOLD.
Graph is looking bullish from upper trendline of Bullish Flag. Price is currently located at resistance area, meaning 2 possible scenarios: gold will keep rising and second that price will drop to recent trendline and then explode upwards. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bullish from upper trendline of Bullish Flag. Price is currently located at resistance area, meaning 2 possible scenarios: gold will keep rising and second that price will drop to recent trendline and then explode upwards. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
