-Scenario 1: Dotted Red Line - Recent pullback upward pattern is showing a (flag) & price might as well go down
-Scenario 2: Solid Red Line - Gold has been making series of Higher-High & Higher-Low which is strength, but need to rally above 1907 level FAST, else there will be a pullback to its mean
-Scenario 3: Solid Black Line - Gold rally above 1907 FAST, now face with resistance at 1925 level; which invariably can cause a pullback
-Scenario 4: Which is not shown on the chart, is for gold to have easy ride to 1950 mark! Uuuhmmm, I want to doubt it but it's not impossible though.
Only time will tell, but I lean more on Scenario 3, ceteris paribus!!!
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
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