GOLD (BULLISH PENNANT) 4HR
looking at gold today it seems we could be looking at at another decent move up.
a bullish pennant has clearly formed as illustrated by the blue lines but what's interesting is that from looking at the volume indicator we can also clearly see a divergence in price and volume which hopefully means an upward move is imminent.
there is however nothing on the economic calendar this week that would serve to give gold a push in the right direction so for now its a waiting game but ill be keeping a close eye on this and have price alerts set ready for when the action breaks out!
a bullish pennant has clearly formed as illustrated by the blue lines but what's interesting is that from looking at the volume indicator we can also clearly see a divergence in price and volume which hopefully means an upward move is imminent.
there is however nothing on the economic calendar this week that would serve to give gold a push in the right direction so for now its a waiting game but ill be keeping a close eye on this and have price alerts set ready for when the action breaks out!
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