GOLD BULLS TO START CORRECTION
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GOLD Quick update.
As we can see price got stuck inside this big range, adding on from a medium-term price is trading inside this falling broadening wedge.
Then, price is sitting around our lower bound which acts as an over-sold zone, adding on price is sitting around our previous major high broken upward acting as a minor support zone.
However, for the bulls to kick in and start a new bullish correction movement, we need a break above the marked swing high, then a movement higher would be expected till the upper falling trendline.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GOLD Quick update.
As we can see price got stuck inside this big range, adding on from a medium-term price is trading inside this falling broadening wedge.
Then, price is sitting around our lower bound which acts as an over-sold zone, adding on price is sitting around our previous major high broken upward acting as a minor support zone.
However, for the bulls to kick in and start a new bullish correction movement, we need a break above the marked swing high, then a movement higher would be expected till the upper falling trendline.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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