Gold : December 17th, 2019 market update
Hello fellas, this is the december 17th, 2019 technical analysis about gold. I use 4 hours chart from OANDA.let's get to the point.
So far, I 'm still neutral on gold so far because the price is still trending between the 2 important levels which are the yellow line as the support trend line and the grey region as the previous support that has already broken down.
But, in this current analysis, I want to give an extra highlight to the MACD histogram on this 4 hours chart. we can see that the histogram has grown momentum comparing the previous histogram closure. a ticking up to the upside is showing us that the bullish momentum is getting stronger and stronger.
Currently, My entry point will remain the same as my previous analysis and for now still staying idle.
So far, I 'm still neutral on gold so far because the price is still trending between the 2 important levels which are the yellow line as the support trend line and the grey region as the previous support that has already broken down.
But, in this current analysis, I want to give an extra highlight to the MACD histogram on this 4 hours chart. we can see that the histogram has grown momentum comparing the previous histogram closure. a ticking up to the upside is showing us that the bullish momentum is getting stronger and stronger.
Currently, My entry point will remain the same as my previous analysis and for now still staying idle.
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