Hi traders,
I remain bearish on gold.
But I 've just spotted this potential moves.
Either the prices, will break the support levels and in confluence with the bearish trend line will follow the predominant trend aiming lower, or
it will find support at the 50 MA - and will break the trendline + the resistance zone of the importan 166x area heading to 1680 which I consider as supply zone.
This will mean a possible reversal 'cause it will break the consoldiation of these days, and will break structureof equal highs.
A Nice idea for how economy moves is the video on the link below:
www.youtube.com/watch?v=PHe0bXAI...
I remain bearish on gold.
But I 've just spotted this potential moves.
Either the prices, will break the support levels and in confluence with the bearish trend line will follow the predominant trend aiming lower, or
it will find support at the 50 MA - and will break the trendline + the resistance zone of the importan 166x area heading to 1680 which I consider as supply zone.
This will mean a possible reversal 'cause it will break the consoldiation of these days, and will break structureof equal highs.
A Nice idea for how economy moves is the video on the link below:
www.youtube.com/watch?v=PHe0bXAI...