วิเคราะห์ทองคำ 20-24 มิ.ย. 65

Welcome everyone back to another blog of our weekly Gold Analysis. Throughout most of last week, gold price was trending upward in smaller timeframes such as in the 4-hour and hourly charts but gold is still in a sideway market in the bigger picture. Gold price is still in an expanding triangle formation in the daily timeframe.

With new week coming up, let us study the price patterns of the previous weekly and daily candlesticks as we usually do. First off, the previous weekly candlestick is a bearish candlestick that has relatively the same amount of body and lower wick. Also, it has lower low price and higher high price than the weekly candlestick from two weeks ago. Normally we can anticipate a bearish market with a bearish candlestick from last week, however, as the price is still in an expanding triangle formation in the bigger picture, market direction is still undecided.