Gold uptrend over? Now in a consolidation trend?
Gold has recently been trending a few legs upwards very nicely. I feel we have entered a new period. A lot of traders still chasing the previous trend and getting caught out?
Very clean and simple bit of chart work to show golds new consolidation trend. Will be monitoring these new tapped regions and movements in the middle.
Be wary of the white lines on the chart. If we break above or below the trend analysis is void.
The yellow dotted lines is a safe zone where I will be trading in between for the current period.
Lets see how this plays out.
Please feel free to comments your thoughts below (:
Open to opinions and as always, HAPPY TRADING!
Very clean and simple bit of chart work to show golds new consolidation trend. Will be monitoring these new tapped regions and movements in the middle.
Be wary of the white lines on the chart. If we break above or below the trend analysis is void.
The yellow dotted lines is a safe zone where I will be trading in between for the current period.
Lets see how this plays out.
Please feel free to comments your thoughts below (:
Open to opinions and as always, HAPPY TRADING!
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