GOLD IS CURRENTLY INDECISIVE
The golden market seems to have been making higher lows
on its way up, so we might expect another retest on our previous
minor resistance resulting in another HL
before price pushes higher to break the main resistance.
But also keep in mind that price formed a bearish
harmonic pattern which may cause the bullish structure to fail
when reaching the main resistance, but the best thing to do
is to wait for price to display proper confirmation on which direction
it will take...
on its way up, so we might expect another retest on our previous
minor resistance resulting in another HL
before price pushes higher to break the main resistance.
But also keep in mind that price formed a bearish
harmonic pattern which may cause the bullish structure to fail
when reaching the main resistance, but the best thing to do
is to wait for price to display proper confirmation on which direction
it will take...
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