hello guys welcome to the new week lets analysis gold .
friday was a bullish day for gold and price went up strong and reach to 2040 and then after usd news fell to the downside. 2070 is a strong resistance level and price rejected from this level many time price is in descending channel and in daily time frame price broke 2017 support but went up again i think gold will return to this level after a bullish movement will go down again
sellers tried to broke daily uptrend but it was a false break out im waiting for a longterm bearish movement and i think price will fall to 2017 2000
friday was a bullish day for gold and price went up strong and reach to 2040 and then after usd news fell to the downside. 2070 is a strong resistance level and price rejected from this level many time price is in descending channel and in daily time frame price broke 2017 support but went up again i think gold will return to this level after a bullish movement will go down again
sellers tried to broke daily uptrend but it was a false break out im waiting for a longterm bearish movement and i think price will fall to 2017 2000
Comment:
+100 pips profit done
Comment:
+170 pips profit done great analysis target achieved