GOLD - TWO POSSIBLE OUTCOMES
On the overall picture Gold has been moving on an uptrend, although the past weeks it has been forming lower highs.
Price is very close to my minor downtrend support line, this give us the opportunity to sell, until price hits support again.
Or if price manages to create a new daily high, we could see a breakout of the minor downtrend and possible creating new highs to go retest previous resistance.
Price is very close to my minor downtrend support line, this give us the opportunity to sell, until price hits support again.
Or if price manages to create a new daily high, we could see a breakout of the minor downtrend and possible creating new highs to go retest previous resistance.
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