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Daily Analysis of GOLD ( XAU/USD Futures) by ThinkingAntsOk
Gold Futures
Daily Analysis of GOLD ( XAU/USD Futures) by ThinkingAntsOk
By ThinkingAntsOk
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May 14, 2020
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May 14, 2020
Use this as a guide to develop your view of the chart.
Main items we can see:
a)
We have a clear Weekly support resistance zone that worked as a resistance for a long time before was broken with a bullish movement
b)
Now item a) is working as a support
c)
On the Support, we can see a Triangle Pattern that is now completed and close to the breakout
d)
Our next target for the coming bullish movement is 1900
e)
If the price goes below 1663, we will consider this analysis as invalid, and the next target for the bearish movement will be 1515
GC
GC1! (Gold Futures)
Gold
Multiple Time Frame Analysis
preciousmetals
Support and Resistance
Trend Analysis
XAU
XAUUSD
ThinkingAntsOk
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