Based on last session movement, I can say that the Evening Star is no longer valid.
The confirmation candle was close above the last resistance @1258-1260 ( 38.2% Fib Retracement ).
From now on Gold will be consolidating above this resistance area till breakout between the new Resistance @1266-1268 ( Lower Channel of Last Symmetrical Triangle ) or back under the @1258-1260 area.
From my own opinion. Gold have chance to going up till the next area 1296, from my latest post in weekly timeframe I can saw a Bullish Harami pattern for the reversal indication two weeks ago, and last week we got a perfectly Bullish Marubozu pattern or some people said that as Long White Candle Bullish which is "IF" this week the price close above the Resistance it can give us a clue for a Strong Uptrend Gold Movement.
Write your comment about my opinion, I will really appreciate that, cause i'm in the learning stage.
Click " Like " if you see this analysis helpful.
Thanks and good luck guys !!
The confirmation candle was close above the last resistance @1258-1260 ( 38.2% Fib Retracement ).
From now on Gold will be consolidating above this resistance area till breakout between the new Resistance @1266-1268 ( Lower Channel of Last Symmetrical Triangle ) or back under the @1258-1260 area.
From my own opinion. Gold have chance to going up till the next area 1296, from my latest post in weekly timeframe I can saw a Bullish Harami pattern for the reversal indication two weeks ago, and last week we got a perfectly Bullish Marubozu pattern or some people said that as Long White Candle Bullish which is "IF" this week the price close above the Resistance it can give us a clue for a Strong Uptrend Gold Movement.
Write your comment about my opinion, I will really appreciate that, cause i'm in the learning stage.
Click " Like " if you see this analysis helpful.
Thanks and good luck guys !!