GOLD for the week 16.07.
This week we've seen a double bottom formation on gold. I myself was stopped out of a long position. Will wait for confirmation from the market, USD is gaining strength so possibility of downside is present.
Important level for downside is 1235.
BIAS: LONG
Weekly: Reinkes bearish candle, possibility of upside.
Daily: Doublebottom rejection candle
1-4H: Price moving in corridor, after break of trendlines or bottom enter with confidence
Important level for downside is 1235.
BIAS: LONG
Weekly: Reinkes bearish candle, possibility of upside.
Daily: Doublebottom rejection candle
1-4H: Price moving in corridor, after break of trendlines or bottom enter with confidence
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