Happy New Year Everyone! My first post this year 2019 for GOLD.
I noticed since last year December 2018, most people predict that gold will drop and fall short and said that market is crazy or stupid. I think they are not looking or they didn't see it in long term. In 1W frame chart we can see that it is forming a CUP (Bowl) and any previous support can be a new resistance (Blue & Green Line). Those resistance if break will lead to a bigger form of cup (till 1348-1350) which our final resistance (Maybe mid 2019) if hold will make a handle showing hidden line arrow down (will draw new chart if handle formed). Goodluck and Trade Safe everyone!
I noticed since last year December 2018, most people predict that gold will drop and fall short and said that market is crazy or stupid. I think they are not looking or they didn't see it in long term. In 1W frame chart we can see that it is forming a CUP (Bowl) and any previous support can be a new resistance (Blue & Green Line). Those resistance if break will lead to a bigger form of cup (till 1348-1350) which our final resistance (Maybe mid 2019) if hold will make a handle showing hidden line arrow down (will draw new chart if handle formed). Goodluck and Trade Safe everyone!
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