Gold holding Downtrend, could it reach 1750?
It may be lot of red and green candle going on and on. But if we focus and take a closer look it's actually doing something beautiful which we can make a lot of profits. Let's take a look.
1. Holding Downtrend since April.
2. Can't break Downtrend line.
3. 1885 - 1905 is a crucial zone to hold, if it breaks there is
a nothing hold till 1750 area. Which means on 1W TF
Gold will still be bullish.
4. Breaking downtrend line in 1W TF will be huge
confirmation to go up maybe even higher than before.
5. On the other side closing candle below 1885 in 1W TF we
might see 1750.
1. Holding Downtrend since April.
2. Can't break Downtrend line.
3. 1885 - 1905 is a crucial zone to hold, if it breaks there is
a nothing hold till 1750 area. Which means on 1W TF
Gold will still be bullish.
4. Breaking downtrend line in 1W TF will be huge
confirmation to go up maybe even higher than before.
5. On the other side closing candle below 1885 in 1W TF we
might see 1750.
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