Gold....wait for price action at pivot point
This is not a long/short chat. More of my thoughts about the next expected move for Gold.
For an uptrend confirmation, we need to break above the pivot point to become a strong support. Then price will test the upper line of the descending channel. If price managed to break above that will be a massive uptrend.
If above is not done by price, we are still short biased.
For an uptrend confirmation, we need to break above the pivot point to become a strong support. Then price will test the upper line of the descending channel. If price managed to break above that will be a massive uptrend.
If above is not done by price, we are still short biased.
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