GOLD UPDATE:
NFP has pushed the price back up from the retracement we got yesterday.
Although we are bullish on the HIGHER TIME FRAMES you will notice that we are moving up within an ascending channel,
and within the ascending channel, you will notice that we have broken below a smaller ascending channel.
It's possible that we will get a rejection between 1893-1898 in which case we can expect a temporary pullback.
If we close above 1910 this will indicate that bullish momentum is really strong and Gold will continue targetting the higher levels.
Please view our previous analysis.
NFP has pushed the price back up from the retracement we got yesterday.
Although we are bullish on the HIGHER TIME FRAMES you will notice that we are moving up within an ascending channel,
and within the ascending channel, you will notice that we have broken below a smaller ascending channel.
It's possible that we will get a rejection between 1893-1898 in which case we can expect a temporary pullback.
If we close above 1910 this will indicate that bullish momentum is really strong and Gold will continue targetting the higher levels.
Please view our previous analysis.
