02. XAUUSD
Nov. 2018 we see the start of a new bull trend on the daily. This is following a major support being established at 1200.00
At the start of this year, gold ranged for a bit on the daily before making a big push into January 2017's consolidation range of 1300.00 -1365.00 last friday (Jan 25)
This week we saw an almost uninterrupted continuance into the major supply zone from last year. UNTIL yesterday. After a strong bull move into a zone of heavy activity, we saw evidence of weakness in the demand on gold.
Price may be seeking support over the next week or two. Waiting for a stronger bear signal.
At the start of this year, gold ranged for a bit on the daily before making a big push into January 2017's consolidation range of 1300.00 -1365.00 last friday (Jan 25)
This week we saw an almost uninterrupted continuance into the major supply zone from last year. UNTIL yesterday. After a strong bull move into a zone of heavy activity, we saw evidence of weakness in the demand on gold.
Price may be seeking support over the next week or two. Waiting for a stronger bear signal.
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