Quite unexpected. Dropped down from a rising channel, was in a rising wedge inside a descending channel, everything looked bearish. If this is similar price action like in November will there be an unexplained drop as well?
If PA holds inside the channel, there is high chance price will go above $2000.
Gold price action is similar to Link that was also very bearish and suddenly flipped bullish.
If PA holds inside the channel, there is high chance price will go above $2000.
Gold price action is similar to Link that was also very bearish and suddenly flipped bullish.
Commento:
Gold dumping back into the channel. Looks like November's price action. A close inside the channel is bearish. Gold volatility is a mystery to me, meanwhile stocks and crypto are pumping.
Commento:
gold bouncing off channel
