Gold derailed at 1960 (1950-1975)
Since my last post it has been 3 weeks for gold to get to 1950-1975 zone and topped out at 1959 then took a plunge to the downside currently at 1865.
See the dotted blue line(extension) on the chart at 1860 support or not that’s the golden question, its also 97pts(100pts+/-) from 1959-1862 in 2 days possible consolidation at this zone 1900-1880-1860.
Break below 1860 then 1840-1825 as next support zone break below 1830 next support zone= 1800-1780.
This analysis is based on daily and weekly timeframe.
1615 to 1959= 334pts, So what price zone becomes support from 1959 for the upside to continue or what price zone does it need to invalidate for the downside to continue?
Enjoy your weekend.
See the dotted blue line(extension) on the chart at 1860 support or not that’s the golden question, its also 97pts(100pts+/-) from 1959-1862 in 2 days possible consolidation at this zone 1900-1880-1860.
Break below 1860 then 1840-1825 as next support zone break below 1830 next support zone= 1800-1780.
This analysis is based on daily and weekly timeframe.
1615 to 1959= 334pts, So what price zone becomes support from 1959 for the upside to continue or what price zone does it need to invalidate for the downside to continue?
Enjoy your weekend.
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