Been watching this one for a while and as it approaches a strong ascending resistance line and a weekly level we at the junction of break or bounce... expecting a bounce though...
let me know what you think
Gold is widely considering to be going past 1500 in the very near future.. for now though... expecting it to reach around 1484 in the next week with the usual bounce between ascending channel. any break through support and expect it drop to 1455 but a break through the resistance and 1515 can be expected
Will be keeping a very close eye on this one - price appears trapped in a wedge. expecting it to break through the ascending support line following rejection on friday. if we get a bearish candle then expecting a 150pip drop
Price appears to be approaching the support line in the next few days. If it breaks the support line expect a drop to the trend line for 80 pips, if we see a rebound then theres 160 pips back to the trend line.