Gold Analysis for WB 15th of May 2017
Gold Analysis for WB 15th of May 2017
Currently, Gold rides up a channel on the lower time-frame and is expected to have three possible scenarios: Green Arrows bias: The market may continue riding up the lower time-frame channel until it hits the first obstruction or trend-line resistance. Once it reaches the trend line above CMP, it can reject this resistance and begin to fall or; White Arrows bias: It may breakout to the upside of the higher time-frame trend-line resistance await retest and confirmations. Red Arrows bias: It can break below the rising channel and pullback before continuing down. Note: all areas described here need to be coupled with sound entry confirmation methods. For complete in-depth Forex education, information and more free stuff visit: Website: https://www.PiPTutor.com Facebook page: https://www.facebook.com/PipTutor/ Find us on Twitter and Instagram
