Quick update for Gold: We have spotted earlier a major weekly structure resistance that the price is approaching at the moment.
Analyzing intraday time frame, we see that the market is steadily growing within a rising parallel channel. While the price is staying within, the market remains bullish.
Bearish breakout of a support of the channel will trigger a correctional movement.
Bullish breakout of a weekly resistance will trigger a bullish continuation.
For now, the best strategy is to wait!
❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.