Gold – Symmetrical Triangle Shows Uncertainty

06 Jun - Gold 4 hr

(Click on image for larger view)

Hi all,

A quick update on Gold. As investors await employment data from Non-Farm Payroll, the symmetrical triangle confirms the uncertainty in the market.

My bias is to go long with a potential A-B-C pattern (not shown). However, I will be cautions as the bears are as patient as the bulls and it won’t surprise me if they come in to push price lower in line with the longer term continuation trend.

Thank you for reading and happy trading!

 

White Space

Because TYE is Still Growing…

Sign Up for the newsletter to get TYE’s trading ariticles.

We value your privacy and would never spam you

White Space [/s2If]
Divider Grey  

Cover TYE Page

Make sure to check out my ebook on Trading the First Pullbacks - A simple Price Action Guide for Market Pullbacks That Works

See what Amazon readers say

  Divider Grey

Leave A Response

* Denotes Required Field