Was watching this channel last week. It was respected. I presume the bulls will continue to treat the bottom as support.
I suspect higher price into Nov.
1.Price still below 200ma
2.(Tight range below important fibo level)
3.Price has been at the bottom of the uptrend channel for 7 days now.(support found?)
4.Asia Markets on the road to bottoming?(could be bad for gold) however the currency war and trade war is not going anywhere.
5.Price Action/wave count fits into a bullish recovery out of the downtrend channel.
I am expecting a bit more ranging and chop before the (time) is right for gold.
I suspect higher price into Nov.
1.Price still below 200ma
2.(Tight range below important fibo level)
3.Price has been at the bottom of the uptrend channel for 7 days now.(support found?)
4.Asia Markets on the road to bottoming?(could be bad for gold) however the currency war and trade war is not going anywhere.
5.Price Action/wave count fits into a bullish recovery out of the downtrend channel.
I am expecting a bit more ranging and chop before the (time) is right for gold.
Kommentera:
smudge tg was hit.. :-) should watch for long opportunities:-)
