Gold has been very bearish recently although there could be a reversal. Either way I see an incoming spike that will touch the trendline. It will either touch and drop or touch the trend line, break it and spike in a bullish trend. Let me explain, on two seperate occasions, there was a flatline which ended in a perfect spike touched the trend line then dropping creating a new low. Both times the spike touched the trend line perfectly. The first flat line is significantly larger than the second one. However the shorter flat line led to a much larger drop. The flat line that is currently forming is the smallest creating a perfect size ordered pattern. It will most likely touch the trend line, but its unclear wether the trend will break or continue.
Please let me know your opinions.
*NOT FINANCIAL ADVICE*
Please let me know your opinions.
*NOT FINANCIAL ADVICE*
Kommentar:
On the way to trendline soon, even if it moves sideways.
Trade ist aktiv:
Perfect, trend toucehed and passed.