Hello dear precious metals friends, hope you're doing well guys! ;) Gold is currently essentially tightening between 1490 and 1510: We still have a Head & Shoulders pattern potential, but we have no confirmation aka breakout yet. => Therefore the bulls could still see some bounce going on from here. As a trader, you can play in both directions, no matter how we break. A break to the upside could lead to a Cup & Handle, or further tightening Equilibrium. Have fun watching and enjoy your weekend! ;)
Greets, Deniz from Edgy
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Greets, Deniz from Edgy
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
