GOLD to rotate back up!
Updated
GOLD broke the upward channel limit again and consolidating. There is a support at 1835, which used to be a resistance, and the market respected it several times.
I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up.
Upside target: 1850
I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up.
Upside target: 1850
Note
senario cancels if the support doesn't hold. In that case, it may go for 1810.Note
Tell me what you think! Love to hear different ideas!Note
now gold is climbing back to the upward channel. let's see what happens next!Note
Very Nice! GOLD went up to as high as 1855 and then came down a little bit. Now we watch whether it holds the lower bound of the channel.
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