a. A small dip was posted, but buyers emerged and follow through bullish momentum
b. Trading is close to the psychological level of 1300 forming a double top on the fib 0.786
Long term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals
c. The failure to break green / yellow line, formed a bullish candle and is positive for short term sentiment
d. Bias is mildly bullish today but we need to see a break of 1300 to confirm the upward pressure
e. Break of the the yellow / green line would indicate a stop of parabolic gold trend
b. Trading is close to the psychological level of 1300 forming a double top on the fib 0.786
Long term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals
c. The failure to break green / yellow line, formed a bullish candle and is positive for short term sentiment
d. Bias is mildly bullish today but we need to see a break of 1300 to confirm the upward pressure
e. Break of the the yellow / green line would indicate a stop of parabolic gold trend