Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is retesting the previous all-time-high exactly at the
2050
area and we already started a small rejection away from the resistance.
You can also see that weekly market structure is sill bullish, Gold is still creating higher highs and higher lows so I am now just waiting for a small retracement but then eventually a break above the all-time-high and then just more continuation towards the upside.
On the daily timeframe you can see that Gold is also approaching daily support at the $1990 area, so I am just waiting for a deeper retest of the support zone and then I do expect another push towards the upside from there and also a break of the previous all-time-high.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Gold is retesting the previous all-time-high exactly at the
2050
area and we already started a small rejection away from the resistance. You can also see that weekly market structure is sill bullish, Gold is still creating higher highs and higher lows so I am now just waiting for a small retracement but then eventually a break above the all-time-high and then just more continuation towards the upside.
On the daily timeframe you can see that Gold is also approaching daily support at the $1990 area, so I am just waiting for a deeper retest of the support zone and then I do expect another push towards the upside from there and also a break of the previous all-time-high.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
