Sive Morten
Special Consultant to the FPA
- Messages
- 18,659
Good morning,
Gold shows nice bounce up from 1930$ support and it could become upside continuation. But for now, price shows minor bearish patterns on intraday chart, so we do not consider long entry immediately. Daily trend remains bearish by far, so 2-leg downside retracement theoretically is possible:
Gold shows nice bounce up from 1930$ support and it could become upside continuation. But for now, price shows minor bearish patterns on intraday chart, so we do not consider long entry immediately. Daily trend remains bearish by far, so 2-leg downside retracement theoretically is possible:
