Hi Blu, besides another reversal or recovery depending upon bias, 4 candle to current was a bullish engulf but not strictly defined as one. Look back a few more from there and my yellow line indicates various attempts to push it down to trigger a short rush by the likes of KTV. Lol we need to see follow through buying on Monday for some confirmation.
My previous post had me declaring that the wedge pattern required some massaging. Currently, the price action is stuck in a sideway tight range so we need the gold price to trigger a change of sentiment. A potential wedge breakout? Chicken or egg scenatio?
Thne US 10Y yield is warning more expensive capital but DXY is hitting a resistance. Gold complex is playing out again, i don't what to expect. Gold hedge or stronger DXY weaker gold?
More Qs than As.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
---|---|---|
1.395 | 6000 | 2 |
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