Gold update Jun 8, 2021
Dear traders,
This is a special update for gold.
Im seeing gold now situated at a critical junction.
Bulls: need to hold above 1901.
Bears: this current pattern can be a bear flag in the making. (below 1892 will confirm)
- we also have a head-shoulder pattern.
Im bullish bias. volume seems to suggest more bullish moves ahead.
However, we should see some pull backs from here. How deep? no clue. but Wave 1 impulse is nearly completed. Some form of reversal is expected.
trade safe.
This is a special update for gold.
Im seeing gold now situated at a critical junction.
Bulls: need to hold above 1901.
Bears: this current pattern can be a bear flag in the making. (below 1892 will confirm)
- we also have a head-shoulder pattern.
Im bullish bias. volume seems to suggest more bullish moves ahead.
However, we should see some pull backs from here. How deep? no clue. but Wave 1 impulse is nearly completed. Some form of reversal is expected.
trade safe.
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