Gold based on the Weekly charts is quite choppy overall and this is of course because of its sensitivity to the US index.
However, overall structure is still trending up except that for Now , ANY Buys is consider quite a risk, given that price have Already Pushed up and we can see a Clear exhaustion by the Bulls .
So we should see Bears starting to be In control for now at least until we can see a strong Buy price action Signal to buy at the Broken resistance zone.
Price consolidates quite long and we have seen the breakout to the Upside is there. So my take is it might make a corrective move down back to VALUE areas and we can see a stronger move mimicking the Strong first Wave up.
So it's short for Now, Neutral if it drops back to the Zone, and Long Once Buy price action signal forms on the broken Zone.
However, overall structure is still trending up except that for Now , ANY Buys is consider quite a risk, given that price have Already Pushed up and we can see a Clear exhaustion by the Bulls .
So we should see Bears starting to be In control for now at least until we can see a strong Buy price action Signal to buy at the Broken resistance zone.
Price consolidates quite long and we have seen the breakout to the Upside is there. So my take is it might make a corrective move down back to VALUE areas and we can see a stronger move mimicking the Strong first Wave up.
So it's short for Now, Neutral if it drops back to the Zone, and Long Once Buy price action signal forms on the broken Zone.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.