Gold analysis update-Turning bullish ?
Hello Trader,
Last week, gold pulled back and its price turn within the range of 1857-1837.
For next week, I will monitor which direction gold is heading to. Personally, I feel gold will make another attempt to break above 1857 and remain above this level and heading to 1910.
Most importantly, once gold break above 1857, it will form a right shoulder on the daily timeframe, which indicates the pull back on daily timeframe may have come to an end. ( Please refer to my previous post for detail)
Last week, gold pulled back and its price turn within the range of 1857-1837.
For next week, I will monitor which direction gold is heading to. Personally, I feel gold will make another attempt to break above 1857 and remain above this level and heading to 1910.
Most importantly, once gold break above 1857, it will form a right shoulder on the daily timeframe, which indicates the pull back on daily timeframe may have come to an end. ( Please refer to my previous post for detail)
