Dear Traders,
We have seen in few weeks some strong bullish momentum on Gold largely facilitated by the Silicon bank failure which made the probability of Gold making another all time high but could not go past 2048 in the interim.
As far as I am concerned, Gold id still very bullish but I think may be due for some level of entrancement. In my opinion, I see the yellow zone on my chart as a decision point just strictly looking at horizontal support and trend line.
I weekly closure below the yellow zone may see Gold deep further. A bounce off the yellow zone may mean Bullish continuation.
I am currently in secure sell and hope to take this to the yellow zone. Otherwise, we might see an uptrend but I have temporary bearish bias for Gold.
Trade carefully and apply proper risk management.
We have seen in few weeks some strong bullish momentum on Gold largely facilitated by the Silicon bank failure which made the probability of Gold making another all time high but could not go past 2048 in the interim.
As far as I am concerned, Gold id still very bullish but I think may be due for some level of entrancement. In my opinion, I see the yellow zone on my chart as a decision point just strictly looking at horizontal support and trend line.
I weekly closure below the yellow zone may see Gold deep further. A bounce off the yellow zone may mean Bullish continuation.
I am currently in secure sell and hope to take this to the yellow zone. Otherwise, we might see an uptrend but I have temporary bearish bias for Gold.
Trade carefully and apply proper risk management.
FINSPOT ACADEMY