On the 1-hour timeframe we now see Gold breaking out of an ascending trend accompanied by a rising wedge breakout, favouring the bears.
This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss".
I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously established in last weeks Gold analysis.
This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss".
I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously established in last weeks Gold analysis.