This week could see a temporary high in gold, potentially leading to a FALSE MOVE to the downside before the true bull trend emerges, ultimately driving gold toward $6,000.
From a cyclical standpoint, a CLOSE below the H1 cyclically derived breakout line may indicate a sharp decline, so keep a close watch on the closing price!
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
From a cyclical standpoint, a CLOSE below the H1 cyclically derived breakout line may indicate a sharp decline, so keep a close watch on the closing price!
The breakout line defines the energy boundaries—once price gathers enough momentum to break through, a strong acceleration is likely to follow.
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