This is my first technical analyses without any knowledge or study before (just analysed some traders past few days and did some Google-research).
Forecast based on:
- Intersection of downwards trendline with resistance level = strong resistance
- NFP developments
Forecast based on:
- Intersection of downwards trendline with resistance level = strong resistance
- NFP developments
交易开始:
Still believe that Gold can not break out through the strong resistance zone given in Red.
交易开始
评论:
Since Gold could not break trhough the strong resitance zone, I expect a fall downards to the first level (1) 1741.01; --> when breaks --> second level (2) 1734.20; --> when breaks --> third level (3) 1730.11; when breaks --> 1720.52.
交易开始
交易手动结束:
Price broke through the strong resistance zone, there are few fundamental news so hard to make forecasts based on technical analyses.