Gold breaks the higher timeframe channel and its in an up move. the supply and demand area which is belong to lower timeframe should be the end of down move.
the first targer would be 1948 and the next move may increase the gold price to 1989.
it's just my opinion on gold. please do not trade on this blindly.
best wishes,
Abbas
the first targer would be 1948 and the next move may increase the gold price to 1989.
it's just my opinion on gold. please do not trade on this blindly.
best wishes,
Abbas
Gold will go a little above 1950 and after that we are going to see prices near 1922 to 1925 for a short period of time. at this point the trend will continue its upmove into 1980
(it would be the and of the blue line in the chart, and the black line shows the move after that)