Gold finally broke out of ranging
gold has seen broke out of ranging area of 2900-2930
it has shown a clear sign of gold broke support last US session.
What we expect to see is gold to retest the support becomes resistance area of 2894-2898. I personally will look for sell is those area. Otherwise, if it fails then I'll wait for a confirmation for gold to continue its climb.
on the other hand, current support that gold respected was 2881. If there's confirmation on the current support i can look for a short buy in 2881. Otherwise, i shall continue to sell to follow its movements to the downside.
it has shown a clear sign of gold broke support last US session.
What we expect to see is gold to retest the support becomes resistance area of 2894-2898. I personally will look for sell is those area. Otherwise, if it fails then I'll wait for a confirmation for gold to continue its climb.
on the other hand, current support that gold respected was 2881. If there's confirmation on the current support i can look for a short buy in 2881. Otherwise, i shall continue to sell to follow its movements to the downside.
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