GOLD FINALLY MOVES!!!
This week GOLD has been massively great and it decided to break out of the long overdue consolidation which means its now ready to move...FINALLY !!!
On Wednesday there was a FOMC meeting held up and price reacted positively from it after a false breakout of the strong support zone(1759-63) which led to price moving impulsively ,breaking out of the reversal pattern with a strong impulsive move to the upside and also broken through local resistance (1790-94) and that has fully confirmed that we have a valid price direction which is bullish..
So what im expecting for next week is a continuation pattern which can be a bullish flag or peanant that retraces back to local resistance (1790-94) turning it into support which will be a signal for more buying opportunities...
{I STRONGLY RECOMMEND YOU DO YOUR OWN ANALYSIS, AS THIS IS JUST AN IDEA}
On Wednesday there was a FOMC meeting held up and price reacted positively from it after a false breakout of the strong support zone(1759-63) which led to price moving impulsively ,breaking out of the reversal pattern with a strong impulsive move to the upside and also broken through local resistance (1790-94) and that has fully confirmed that we have a valid price direction which is bullish..
So what im expecting for next week is a continuation pattern which can be a bullish flag or peanant that retraces back to local resistance (1790-94) turning it into support which will be a signal for more buying opportunities...
{I STRONGLY RECOMMEND YOU DO YOUR OWN ANALYSIS, AS THIS IS JUST AN IDEA}
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