Gold Outlook - 10 October 2019

2019년 11월 10일

Hi Guys,

My outlook for next week...

Looking at D1, paired with RSI, Gold likely to begin reversal upwards, possible completing the bullish flag pattern as mentioned previously...



Looking at H4, possible double bottom pattern, which might push Gold upwards...



Looking at H1, a spinning top has formed at the bottom, which might indicate a sideways or change form downtrend to uptrend..

My Bias,
1. Buy with target TP 1490/1500 (Based on chart, indicator, and news on trade deal seems bleak)
2. Sell only if gold drop below 1436.

All the best!!