Hello, so as you can see on the chart gold broke a major resistance level and retested it
for that:
Scenario 1:
if we break the 1980 level, our target would be 2005
scenario2:
otherwise we will have to wait for the breakout of the trend + the last swing low then we will wait for a pullback
and our target would be 1940
Cordially .
for that:
Scenario 1:
if we break the 1980 level, our target would be 2005
scenario2:
otherwise we will have to wait for the breakout of the trend + the last swing low then we will wait for a pullback
and our target would be 1940
Cordially .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.