In the previous update on gold, we noted that a false break downwards might translate into a bullish breakout.
Gold – False Break Down Suggests Pending Bullish Breakout
Gold (XAU/USD) 4H Chart 5/15 gold 4h chart 5/15 (click to enlarge)As we get started with the 5/15 (Friday) session, we are indeed seeing a bullish break. Another interpretation is that instead of a false breakdown, gold was in a falling channel, and the price action […]
