HI All,
My chart shows that we have a completed bullish bat pattern along which is also supported with good confluence.
We have an interesting week ahead with major economic news events all week so GOLD could go either direction.
I have also drawn a trend line from the previous major structure highs. I'm not saying this is a bearish signal for GOLD to go down further however something to keep an eye on. Price tends to respect these trend lines.
If price pulls back then this offers a good opportunity to enter long if you missed on entering at the bat completion. If prive respects the underlying trend, then we can expect a breakout.
If you're going short then this zone may help you determine an entry.
Thoughts/Feedback are welcome.

Cheers
Ant
My chart shows that we have a completed bullish bat pattern along which is also supported with good confluence.
We have an interesting week ahead with major economic news events all week so GOLD could go either direction.
I have also drawn a trend line from the previous major structure highs. I'm not saying this is a bearish signal for GOLD to go down further however something to keep an eye on. Price tends to respect these trend lines.
If price pulls back then this offers a good opportunity to enter long if you missed on entering at the bat completion. If prive respects the underlying trend, then we can expect a breakout.
If you're going short then this zone may help you determine an entry.
Thoughts/Feedback are welcome.
Cheers
Ant
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.