GOLD Market update
Hi friends, I hope y'all had a fantastic weekend!
Today, we're looking at a possible bullish uptrend to the 2nd Daily Key Lvl and 21 MA. Reason being, the price has reached the previous mini bearish half a bat patterns 3rd level. Usually when the price has reached the level, it forms a reversal pattern to confirm it. So, we're looking at two possible bullish reversal patterns that will likely form. Currently the price wants to form a bullish half a bat. If it bearish bounces off the 3rd Daily Key Lvl or Mini Monthly Neckline with a bullish reversal candle pattern, it will dis-confirm the half a bat pattern, and we'll be looking at a head and shoulder pattern formation that will lead to the bullish uptrend we're anticipating for this week.
That's it for today. I hope y'all found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
Today, we're looking at a possible bullish uptrend to the 2nd Daily Key Lvl and 21 MA. Reason being, the price has reached the previous mini bearish half a bat patterns 3rd level. Usually when the price has reached the level, it forms a reversal pattern to confirm it. So, we're looking at two possible bullish reversal patterns that will likely form. Currently the price wants to form a bullish half a bat. If it bearish bounces off the 3rd Daily Key Lvl or Mini Monthly Neckline with a bullish reversal candle pattern, it will dis-confirm the half a bat pattern, and we'll be looking at a head and shoulder pattern formation that will lead to the bullish uptrend we're anticipating for this week.
That's it for today. I hope y'all found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
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