Hi everyone
I hope you are well
Last week, we expected gold to react to the channel's resistance line in daily time and see gold prices fall. But, as always, it surprised us and continued to raise prices, ignoring the resistance line and breaking it. But what does gold do?
1. Gold is on an uptrend and we have no sign of a downturn at the moment. But the price of gold can have a correction to the range of 1865 or 1854 and then move to 1900 and then 1950. At present, the price has not exceeded 1888 and it can not be said with certainty that it has a correction or will rise from the same price.
2. Gold starts to fall from this range and the condition for this decline is to stabilize the price below 1854. However, the price may increase until 1902 and after this increase, it will start to decline, but the condition for the decline in this case is that the price of gold will not stabilize above the 1900 range.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
I hope you are well
Last week, we expected gold to react to the channel's resistance line in daily time and see gold prices fall. But, as always, it surprised us and continued to raise prices, ignoring the resistance line and breaking it. But what does gold do?
1. Gold is on an uptrend and we have no sign of a downturn at the moment. But the price of gold can have a correction to the range of 1865 or 1854 and then move to 1900 and then 1950. At present, the price has not exceeded 1888 and it can not be said with certainty that it has a correction or will rise from the same price.
2. Gold starts to fall from this range and the condition for this decline is to stabilize the price below 1854. However, the price may increase until 1902 and after this increase, it will start to decline, but the condition for the decline in this case is that the price of gold will not stabilize above the 1900 range.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
