Pullback Will Determine What Happens Before Swing Trade Ready
Potential bearish swing trade setting up for Gold!
On the monthly, a bearish doji has formed and the RSI is now overbought and curving. So the bearish swing trade will happen. Just have to be patient for it.
For now, the market is having difficulty breaking the daily SR level at 1489.61. The big boy breakout will last week will get a correction before we find out what happens next. We're still in a big consolidating range, so have to wait and play this out patiently until the market akes a full decision where it wants to go and signal for next month.
So let's see what happens:
BULL TPS:
BEAR TPS:
On the monthly, a bearish doji has formed and the RSI is now overbought and curving. So the bearish swing trade will happen. Just have to be patient for it.
For now, the market is having difficulty breaking the daily SR level at 1489.61. The big boy breakout will last week will get a correction before we find out what happens next. We're still in a big consolidating range, so have to wait and play this out patiently until the market akes a full decision where it wants to go and signal for next month.
So let's see what happens:
BULL TPS:
- 519.70
- 1527.43
- 1535.18
BEAR TPS:
- 1508.48
- 1502.88
- 1496.92
- 1489.61