Hello dear traders.
I analyzed GOLD chart on H4 timeframe. It could't cut 1361 level. This level is very necessary for gold movements in the future.
Now it is created downside channel. Channel lines is passing from 1361 to 1306.
I think, it will go down nowadays. But we need be careful. Because, there are some strong news which can affect gold. US GDP news is today and other news during a week. Fundamental news is important but I believe to the technical analysing methods.
IMPORTANT LEVELS:
1340 , 1322 , 1305 , 1355 , 1361
I analyzed GOLD chart on H4 timeframe. It could't cut 1361 level. This level is very necessary for gold movements in the future.
Now it is created downside channel. Channel lines is passing from 1361 to 1306.
I think, it will go down nowadays. But we need be careful. Because, there are some strong news which can affect gold. US GDP news is today and other news during a week. Fundamental news is important but I believe to the technical analysing methods.
IMPORTANT LEVELS:
1340 , 1322 , 1305 , 1355 , 1361