Gold Spot / U.S. DollarUpdated reason why I see it as bear trap
no confirmation yet
but it is safe to assume 2314 retest and 2348 resistance retest will happen
The indicator spike up, going higher high same with the price makes me think it is a valid bear trap
confirmation = need 2360-2378 retest and see if indicator keep going higher or make bearish divergence
but it is safe to assume 2314 retest and 2348 resistance retest will happen
The indicator spike up, going higher high same with the price makes me think it is a valid bear trap
confirmation = need 2360-2378 retest and see if indicator keep going higher or make bearish divergence
Note
update = gold bullish because Israel war with Lebanon carefull with bullish trendespecially targeting 2314
Note
No 2314 retest but above 2360 confirmedIts good signal to target 2560 this year
But it will be very slow process wait 2390 first
Note
Must retest 2373-2378... not valid to target 2560 without itBut looks like next week PA for bigger movement bull or bear
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