Take some time to read this analysis.
The trends lines are properly shown with every point of reversals. Every pullback is respecting the previous trendlines on gold which can easily seen on yhe chart. The white lines represent the on going bullish momentum if the price respects the trend that is upwards. But if we break out of bullish the trend line that is shown in the chart then we will be respecting the greeen line pattern which will attract a lot of buyer's thus sending the market towards the last area of support that is between 1765 to 1775. Take your time and read the whole chart. Thankyou. Cheers
The trends lines are properly shown with every point of reversals. Every pullback is respecting the previous trendlines on gold which can easily seen on yhe chart. The white lines represent the on going bullish momentum if the price respects the trend that is upwards. But if we break out of bullish the trend line that is shown in the chart then we will be respecting the greeen line pattern which will attract a lot of buyer's thus sending the market towards the last area of support that is between 1765 to 1775. Take your time and read the whole chart. Thankyou. Cheers