Detail Breakdown on GOLD Mid-Long Term Outlook

Hello traders:

Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook.

There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management.

Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and hit the bottom for the HTF flag/channel structure before reversing.
Alternatively we can also expect price to consolidate here and form a LTF impulse to breakout of the LTF flag/channel as well.

In both cases, long term outlook is certainly bullish if we get a completion of the LTF flag/channel that will have high probability to lead into next bullish impulse run.

Any questions, comments or feedback welcome to let me know.

Thank you

Jojo

تعليق: