Gold Bullish Structure with Confusing Price Action
Its a clear Bullish structure on how it has formed. Wait for the breakout and enter the positions. Still we have no clue going which way after this. So its unconfirmed yet to call it a bull or bear. Support it has formed at 1598-1600 is still holding price well above the maintained zone ( ascending triangle ). If price breaks the trend line of the triangle makes a breakout above 1634 wait for a perfect retest and enter buying positions expecting a target of 1698. If price successfully breaks down the support it formed wait for a retest and sell it. This is the best trade setup we can work out by now.
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