Trading Focus Today (24th December 2019)

Gold has completed over 3 months of consolidation and may enter into a (most likely) bullish trend. There are multiple signs of reversal: Price supported twice at a 4-month demand zone (forming a double bottom) around 1450. Price broke above a 3-month falling trendline. Price broke above a recent range high at 1484.

Continue ReadingTrading Focus Today (24th December 2019)