GOLD - Bull flag + Pin-bar support bounce indicating move higher
- Gold looks to be within a Bull flag continuation pattern
- This morning price bounced off recent resistance within the last consolidation phase seen @ 1217-1220
- This level may now be acting as support as a pin-bar can be seen within the bull flag bouncing off this level
- For price to continue higher we would need to break both:
1. The upper trend-line of bull flag pattern
2. The recent high formed on Friday
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- This morning price bounced off recent resistance within the last consolidation phase seen @ 1217-1220
- This level may now be acting as support as a pin-bar can be seen within the bull flag bouncing off this level
- For price to continue higher we would need to break both:
1. The upper trend-line of bull flag pattern
2. The recent high formed on Friday
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- Wait for a close above trend-line + break of 1225 resistance to confirm