Gold- If it has to fall further , it should sustain below 1930 levels.
From the Gold daily chart, the price, after the breakout of the triangle pattern, came back to retest the bullish support trendline, by missing, for the moment, to close the pullback on the bearish resistance trendline. From here, it could restart to rise towards new highs.
PRICE JUST BOUNCED UP FROM SUPPORT AS YOU CAN SEE AND CURRENTLY AT RESISTANCE LINE IF IT BREAKS OUR lINE in THAT SCENARIO WE KNOW BEST SELLING ZONES to place our short entry as you can see in my chart along with risk reward and stop loss. and if it fails at my resistance its going straight to 1580 please like ,follow and comment also share your feedbacks
CHECK OUT MY LAST IDEA WHICH IS GOING EXACTLY HOW I PREDICTED ALSO like and follow and dont forget to share feedbacks
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Gold spot a bullish trend - We are looking a GOLD to hit our first resistance target. GOLD has been breakout at the trend-line that you can see in our chart.
Gold may bounce back from 1282-1284, potentially reaching trendline at 1300 in 2 days. Reward/Risk ratio is > 5.0
Greetings, As you can see in the chart we have a nearly completed bat pattern(orange) and are currently waiting for a retrace to D for our entry. My expectation is that its profit target(B) should be forming the second pattern, namely the head and shoulder pattern. Normally you would wait for the break of the neckline but the probability here is high enough in...
Hey Guys, Early Bird View : Though its very early to expect both Gartleys,Coming week FX:XAUUSD Gold has provided us with Dual-potential Gartleys .No matter whether market moves up or down if our plan allows us we will be taking positions depending on which Gartley gets to complete first. If we are lucky enough, we will have Bullish Gartley completion...