RASHDAH
Education

GOLD BREAKDOWN

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Latest view of Gold and what to expect

Comments

If gold breaks out above
1745 will it not go up further? it w
has tried to break resistance several times and why did gold do up even though the dollar index was climbing today?
+1 Reply
Finally is this pattern still valid ?
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Agreed
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I think monday we will begin to see a bearish move for 1743-5 is proving to be a strong resistance and sellers are firmly entrenched there . So a fast move downwards is a possibility on monday
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Breakout done,, climbling towards 1745 potential crash around that area
Reply
RASHDAH Abzii
@Abzii, Yes, depends on h4 close to see what happens at 1745 area - this is a 3rd touch too
Reply
Abzii RASHDAH
@RASHDAH, i think h4 will close bullish and the next will be bearish and may continue, from Monday-wednesday we will see 1700 mark
Reply
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