Friday's Rap Up :-)

Yes if the recent past trends hold true i've given two likely scenario's given with red & green arrows on my hourly gold chart.
I believe the higher Golds price rises on Monday the harder it will fall given Golds is in a negative bearish trend still at the present time. So the second scenario Golds price rises and deflects off of the top trend line then downward breaches second trend line without a retrace !
Volume buying & selling is anemic to say the least for today just churning sideways today.

I will be given my update Monday morning 7:30 am - 9:30 am Have a nice weekend . :-)

Commento:

Yes Gold is behaving just like i predicted On Friday's Rap Up ! :-) I redrew my Gold chart so we can get a better more recent view of Gold's price action.

Reposted from Friday evening >I believe the higher Golds price rises on Monday the harder it will fall given Golds is in a negative bearish trend still at the present time.

Commento:

Yes the MA did cross-over liked predicted on my Gold chart on Friday evening which is bullish in nature, but how strong it will be time will tell ???