Hello traders,
The gold future is now preparing for an increasing trend. We have the right signs of volume and candle’s shape that assure that, so we expect this upward trend.
As I said in my last analysis of GC, Gold future was able to break a trading range and take that increasing path.
Currently, buying GC will be a profitable operation, it seems Gold future is looking for higher level price, this will be confirmed after breaking the R1 resistance. What we can do after buying is to wait that red volume and red candle to sell for intraday trading.
For long term investment, GC is an opportunity.
The gold future is now preparing for an increasing trend. We have the right signs of volume and candle’s shape that assure that, so we expect this upward trend.
As I said in my last analysis of GC, Gold future was able to break a trading range and take that increasing path.
Currently, buying GC will be a profitable operation, it seems Gold future is looking for higher level price, this will be confirmed after breaking the R1 resistance. What we can do after buying is to wait that red volume and red candle to sell for intraday trading.
For long term investment, GC is an opportunity.
Thanks