Only 4 words for GOLD: uptrend-correction-accumulation-impulse !
Hello my friends, today I want to talk with you about GOLD .
Last months price moving in range (accumulation zone).
Support Level is 1895 and resistance at 1965 USD.
The current plan for the movement of gold can be described in 4 words: uptrend-correction-accumulation-impulse !
Today price trades very close to resistance level and made fake breakout.
I think now we can see some small correction movement maybe to level around 1930 USD.
After this gold can try to break resistance line again and if the attempt is will be successful.
Target is this case will be around level 2035 USD.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
Last months price moving in range (accumulation zone).
Support Level is 1895 and resistance at 1965 USD.
The current plan for the movement of gold can be described in 4 words: uptrend-correction-accumulation-impulse !
Today price trades very close to resistance level and made fake breakout.
I think now we can see some small correction movement maybe to level around 1930 USD.
After this gold can try to break resistance line again and if the attempt is will be successful.
Target is this case will be around level 2035 USD.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
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