Double Bottom
Based on the Daily Chart, Gold have potential to create Double Bottom.
But still, everything can happen since this week, we have so many data that will move the market into something that hard to predict.
I do believe there is potential for Gold to creating Double Bottom pattern and shows us a chance for Reversal in this area.
This area also a 0.618 Fib Retrace and a Strong Demand area.
Some people that want to speculate can entry in this area.
But I think the wise decision is to keep maintaining neutral position till the news released, and don't forget, one of them is FOMC Statement and NFP.
Good luck and have a nice day!
Peace!!
But still, everything can happen since this week, we have so many data that will move the market into something that hard to predict.
I do believe there is potential for Gold to creating Double Bottom pattern and shows us a chance for Reversal in this area.
This area also a 0.618 Fib Retrace and a Strong Demand area.
Some people that want to speculate can entry in this area.
But I think the wise decision is to keep maintaining neutral position till the news released, and don't forget, one of them is FOMC Statement and NFP.
Good luck and have a nice day!
Peace!!
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