Expecting a rise to 1855, but around there would look how the buying volume is weighting. Since I do expect a drop on gold, which could happen at that area. Looking on the smaller time frame I can notice characteristics of an accumulation forming. A retest of 1838-1840 on light supply could be a good entry for a buy, but it sure that a break upside the cycle showing strength & testing back 1844 is the best option.
If there would still be strength showing at 1855, and fuel to go. I would consider the 1875 area.
Would only consider a serious move down if it goes back under 1830 showing heavy supply. Which would make me for a drop to 1810-1800 ish
Daily
Weekly
Monthly
If there would still be strength showing at 1855, and fuel to go. I would consider the 1875 area.
Would only consider a serious move down if it goes back under 1830 showing heavy supply. Which would make me for a drop to 1810-1800 ish
Daily
Weekly
Monthly
Trade closed: target reached
Comment:
Price went into the 1855 and dropped as a expected from it on considering good supply. Would expect another testing of 1844 once supply calm down. Then see what is the buying volume remaining there, I do expect a further more drop on due time.