khanzadiashkan7

khanzadiashkan7

After a bullish rally it has faced a predictable consolidation and this leads to form a descending trend line.Few days ago the trend line broke and again started an ascending trend.I draw a horizontal resistance and the chart trapped in a triangle pattern. A more detailed look at the chart reveals that it is has been supported by an ascending trend line as well. I...

khanzadiashkan7

As u can see there is a head and shoulders pattern on the chart and it broke its neck line with a 4h bear candle and we hope it will fulfill its target which is the distance between neckline and the head or crown.

khanzadiashkan7

The aim of this very simple analysis is to provide a very bright view of the major daily trends in Gold.As we can see a support/resistance area has a influential effect on Gold's direction.We cannot decide which direction it would take but it has broken the horizontal resistance and its a bullish signal but we must consider the fundamental factors that could be...