What do we have on the gold chart? Let's look at the global picture!
Gold updated the high of 2011, then corrected and found support at 1677$.
It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also acts as strong support.
What to do and when to buy?
It is best to wait for the price to break out of this range. If the gold breaks the upper resistance level and tests it as support, it will be a good opportunity to buy with a target above the ATH.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Gold updated the high of 2011, then corrected and found support at 1677$.
It is now closed in the range of 1677$-1918$ and while the gold is in this range, we should just wait for a clean pattern to enter the position. In addition, we can see that the gold is now near the trend line, which also acts as strong support.
What to do and when to buy?
It is best to wait for the price to break out of this range. If the gold breaks the upper resistance level and tests it as support, it will be a good opportunity to buy with a target above the ATH.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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