Hi trader...
There is 2 scenarios for gold at this moment.
The first one after 8 hours of testing and pushing the support at 1791.70 and due to the lack of volume on market on those hours the price may take a rest for few hours and push it again when market is live and full of bears and bulls.it may became on Shanghai or London time. (the red arrow)
The second one, bulls may push the price up to 1832 and break it out and go up. (the green arrow)
note: at 1794.70 we see a strong and old resistance and support zone it goes back into 2011 and its playing right now at this moment.
note 2: all the yellow lines present a support or resistance.
share your thoughts and if you liked my forecast please support me with your likes.
thank you
There is 2 scenarios for gold at this moment.
The first one after 8 hours of testing and pushing the support at 1791.70 and due to the lack of volume on market on those hours the price may take a rest for few hours and push it again when market is live and full of bears and bulls.it may became on Shanghai or London time. (the red arrow)
The second one, bulls may push the price up to 1832 and break it out and go up. (the green arrow)
note: at 1794.70 we see a strong and old resistance and support zone it goes back into 2011 and its playing right now at this moment.
note 2: all the yellow lines present a support or resistance.
share your thoughts and if you liked my forecast please support me with your likes.
thank you