GOLD retest and bounce to the upside
1. Previous candle closed above the 200ema indicating that it bounced
and took some liquidity for the price to drive higher.
2. The formation of the candlestick for the past few days has been very
consolidative in the form of bullish flag.
3. Price has retested the critical support level
4. I'm expecting the price to go higher at 1829 after NFP news has been
released.
5. RSI also shows a steady momentum for the past weeks.
and took some liquidity for the price to drive higher.
2. The formation of the candlestick for the past few days has been very
consolidative in the form of bullish flag.
3. Price has retested the critical support level
4. I'm expecting the price to go higher at 1829 after NFP news has been
released.
5. RSI also shows a steady momentum for the past weeks.
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