GOLD might ranging for sometime now.. Enjoy
#Weekly candle closes with long wicks in the both side, which indicates directional uncertainty.
# Price pulled back under the daily down trendline, with another daily close below the trendline, the latest breakout should be considered as a fakeout, as the trendline in weekly is still intact.
# Short position are preferred as the price continue to form lower lows followed by lower highs.
However, there are bullish momentum in smaller timeframe, so i am neutral on this pair now & wait for a better short opportunity represent itself..
# Price pulled back under the daily down trendline, with another daily close below the trendline, the latest breakout should be considered as a fakeout, as the trendline in weekly is still intact.
# Short position are preferred as the price continue to form lower lows followed by lower highs.
However, there are bullish momentum in smaller timeframe, so i am neutral on this pair now & wait for a better short opportunity represent itself..
Aviso legal
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