Akil_Stokes

GOLD - Looking For A Potential Push Higher Part II

FX:XAUUSD   Gold Spot / U.S. Dollar
Last week we took a look at a potential bullish Head & Shoulders pattern setting up on Gold. The market proceeded to fulfill that prediction so of course the question now is "What's Next?"

COUNTERTREND TRADERS
I would look for a push up into a next level of previous structure resistance as that looks to be the next place in which the buying pressure may run out of steam.

TREND TRADERS
I would look for a retracement back into previous structure and look to buy the dip in advance of the level mentioned above.

Akil

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