Following the recent capitulation of the Gold price, a Harmonic Cypher has formed which, together with the narrowing of the Bollinger Channel, indicates a potential upside movement in advance of US GDP data tomorrow.
Whilst the Macro Bearish Trend is expected to remain in tact (with the Bearish Trigger of 1890.033 becoming resistance) this may present opportunities for those trading into tomorrow's data.
Whilst the Macro Bearish Trend is expected to remain in tact (with the Bearish Trigger of 1890.033 becoming resistance) this may present opportunities for those trading into tomorrow's data.