Happy New Year everyone!
Here is my set up for the upcoming months. As many have notice gold were trading in multi year range were both Supports and Resistances were hit and declined until we finally had a move to the upside which i have published in my previous idea with few levels to monitor!
However what i can see as a move which will be tested in the next few months is heavy bearish set up which will start after 1834/37 as long as gold does not close one candle on daily above 1834 with further drop to below 1680 which if hit will give opportunity to sell again as there would be heavy resistance zone however the further drop would take us with final target 1533.Gold is not bullish as i previously did expect target of 1917 after close monitor of the price action and the consecutive rejections.if however gold close one candle at above 1834 the possible levels to witnes to the upside are 1855,1876.
All the given levels to the upside are excellent set up for sell!
Here is my set up for the upcoming months. As many have notice gold were trading in multi year range were both Supports and Resistances were hit and declined until we finally had a move to the upside which i have published in my previous idea with few levels to monitor!
However what i can see as a move which will be tested in the next few months is heavy bearish set up which will start after 1834/37 as long as gold does not close one candle on daily above 1834 with further drop to below 1680 which if hit will give opportunity to sell again as there would be heavy resistance zone however the further drop would take us with final target 1533.Gold is not bullish as i previously did expect target of 1917 after close monitor of the price action and the consecutive rejections.if however gold close one candle at above 1834 the possible levels to witnes to the upside are 1855,1876.
All the given levels to the upside are excellent set up for sell!