Beschreibung
⋅ Hey traders,
Markets are now closed but this is the best time to review and analyze what happened over the past week.
Price for Gold touched the green trend line I drew which may be part of a bullish flag pattern for gold.
Price immediately bounced up, with 3 bullish candles before experiencing a minor retrace on Friday.
The close on Friday was weak and indicated bears were not in control the full time.
On the MACD we see bearish momentum fading, and a possible bullish cross about to occur maybe sometime next week.
My bias for next week is up, and for the bulls to remain in control.
Simple price action and analysis.