Gold The Real Currency
Gold Weekly Analysis
Gold has finally BROKEN out of its "Corrective Phase" on the Daily TF, and we have the "Impulsive Phase" forming.
Moving to the H4 TF, We notice market is in a Bullish Channel, creating Higher High as well as Higher Lows. Price action is currently in a "Corrective phase" which could provide for "Reduced Risk" positions.
Traders should anticipate reversal candles to the nearest support, which will provide entry for LONG positions.
Buy Limit Order @ : 1818.50
TP: 1875.00
SL : 1810.00
EasyMoney
Gold has finally BROKEN out of its "Corrective Phase" on the Daily TF, and we have the "Impulsive Phase" forming.
Moving to the H4 TF, We notice market is in a Bullish Channel, creating Higher High as well as Higher Lows. Price action is currently in a "Corrective phase" which could provide for "Reduced Risk" positions.
Traders should anticipate reversal candles to the nearest support, which will provide entry for LONG positions.
Buy Limit Order @ : 1818.50
TP: 1875.00
SL : 1810.00
EasyMoney
Penafian
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