JICPT| Gold weekly Descending triangle VS Daily Demand zone!
Hello everyone. It's pretty interesting to watch gold is moving between hard rock and stone.
Specifically, I pointed in my previous post that the weekly descending triangle pattern is weighing the price, however, the daily uptrend plus the demand zone is holding the price from further drop.
The key level is $1808 as I set the alert days ago. Buyers failed to conquer the level twice.
Some people think the big picture should win, whilst others might disagree with the point that trend changes from smaller timeframes.
I will patiently wait to see who will win. The signal? the lower daily demand zone or the the upper key level get violated firmly.
Specifically, I pointed in my previous post that the weekly descending triangle pattern is weighing the price, however, the daily uptrend plus the demand zone is holding the price from further drop.
The key level is $1808 as I set the alert days ago. Buyers failed to conquer the level twice.
Some people think the big picture should win, whilst others might disagree with the point that trend changes from smaller timeframes.
I will patiently wait to see who will win. The signal? the lower daily demand zone or the the upper key level get violated firmly.
plan your trade and trade your plan
