Long term gold analysis update
Based on the analysis, we expected an upward movement from the bottom of the channel and then expected a breakout of the resistance level. The price influenced this resistance in the first attempt. But in the next attempt, he managed to break out this resistance level. Now we are at the price of 2158. We expect a pullback to the broken range (2080) and continue the movement of gold based on the designed path
Based on the analysis, we expected an upward movement from the bottom of the channel and then expected a breakout of the resistance level. The price influenced this resistance in the first attempt. But in the next attempt, he managed to break out this resistance level. Now we are at the price of 2158. We expect a pullback to the broken range (2080) and continue the movement of gold based on the designed path
