Gold Spot is trapped in a Inverse Head and Shoulders formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 2930.4630 is expected in the short term.
ARTÍCULOS RELACIONADOS
Breach of 3.5415 could mean a start of a bearish trend on Natural Gas
Natural Gas has breached the support line at 3.5415. It may continue the bearish trend towards 3.4191, or,…
Gold Spot is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
Gold Spot was identified at around 3282.8995 having recently rebounded of the support on the 1 hour data…
If Natural Gas touches 3.9275 it may be time to take action.
The movement of Natural Gas towards 3.9275 price line is yet another test of the line it reached…