Looks like Gold is making a double bottom here. The right part of the pattern is dropping a bit too fast, but it could slow down. With a double bottom, we want to see the left and right side of the pattern have the same size in time. So we want to see it move to the low in that blue circle, something like the red line. Now this is no exact science, but this is how...
Silver might be making a long term low the coming weeks. Retesting that solid bottom formation from the past half year, that double bottom shape. So now it becomes important to see another test of the 15/14.8 zone. Ideally in the shape of small double bottom as well. If that happens, chances are big to see a big rally the coming months.
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
As you can see on the Chart, we have e resistance that's holding Gold from rising to 1282.00 I would recommend, BUY Gold after the Breaktout TP: 1282.00, 1284.70, 1286.70 SL: 1276.00, 1274.00, 1272.00
Gold Still In down Trend Make Lower High And Lower Low If Break 1218 Level than Break DOwn trend And Start Up trend other Wise Selling again and again 1295 /1205/1210 level Good point Selling
Has been a bullish trend, which i think will end in a recent and strong resistance, making a possible good sell opportunity, lets wait for market confirmation.
The XAAUSD continues to rally down, as for that it has broken previous support. Wait for possible small retracement or retast, if fails to break, you go can short.