Gold, while trending in bullish trend initially made a double top with bearish divergence. This divergence played only as a correction in the trend and after corrective move it was diluted. Gold then made a double bottom and has broken above the last HH indicating a continuation in bullish trend. Long positions can be opened.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.