Price Action Behaviour of the Precious Metal “Gold” in Two Time Frames.

TA can be confusing unless clarification is offered.Two time frames definition here refers to Daily and Weekly charts.

Weekly Time Frame shows the young and vibrant bull run with its up trending channel whereas daily offers detailed analysis  of the top box of tricks shown on the weekly.

It is this box that we will focus here after quickly visiting the wekly chart.

Congestion/flat price action behaviour/consolidation or whatever else we call this box is now being drilled down.

What is the major trend here by the way ? Yound and vibrant and a charging bull = UP.

Can we see the two successful re-test (Shown as RT)of the 1660 level ?

Can we see any selling pressure ? None whatsoever.

Can we see the Sign of Strength Bar of the 10th ? What is that ? A complex Bullish Pivot Point Reversal.

What do we expect now ? In theory higher prices over the next 5-10 periods (days).

Both charts are courtesy of


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