An small analysis of the accumalation zone for GOLD. If gold falls below the Bearish Signal, we can expect price to fall for quite a bit.
Trade active:
Global markets opened with Gold being on the +ve side.
Trade active:
Still in accumulation zone.
Trade active:
Trading in our accumulation zone.
Comment:
False breakout on the downside on Aug 26th trading session. Gold price bounced back above $1950.00
Comment:
False breakout on the upside on Aug 27th Trading session. Gold touched a high of $1972.00 and fallen below $1950.00 range.
