I'm sure you can work out what we think price will do from or chart because we keep them so simple!
Yes we are expecting price to follow our trend line up to our zone ( blue box ) This is a long term outlook so don't get mardy if it doesn't hit our target in 1 hour.
Do it or regret it ;p
1345.00 is a possible reversal zone, this area has been used as a very strong resistance zone before and you can see price has respected this area on numerous occasions before ( I'm sure you don't need the purple arrows to pint out where if you have been following us for a while )
Our 1st trendline was previously used as strong support but we can see it been...
Gold has broken a few levels of support last week and tested first resistance (red line) and gave a small rejection. I expect Gold now to retrace to test recent support (green line) for some more buyers to enter the market before aiming for the daily 200EMA.
$1240 to $1250 will be the hardest to break but if can break through then it could be the start of a...
Since my last post, my sentiment on Gold has completely changed.
I was awaiting a clear break blow the bottom trendline you can see on this chart. We did not get this - so I did not enter short. We infact got a heavy rally up from the last touch of this trendline, creating new highs and making me think Gold is back in Bull Mode.
From this area here (around the...