Hi friends,
let see what is happening on Gold daily chart.
DAILY TREND : UP
WEEKLY TREND : DOWN
The Daily trend of the gold is up and price is accelerating, on a over all weekly down trend. The Daily Trend will over when trend line is broken.
Conclusion:
Do not look for long opportunity now. when the weekly trend changes to down, look for short opportunity.
let see what is happening on Gold daily chart.
DAILY TREND : UP
WEEKLY TREND : DOWN
The Daily trend of the gold is up and price is accelerating, on a over all weekly down trend. The Daily Trend will over when trend line is broken.
Conclusion:
Do not look for long opportunity now. when the weekly trend changes to down, look for short opportunity.
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