Gold is confusing , but soon to reveal its truth
For 6 months averages and 1 year , the gold is trending up regardless of 1630 - 1585 zone which is a 3 year average (which a MUST visit zone)
as long as the gold didnt close any 4 Hours or 1 day candle below 1790-1800 zone , then , we are heading above 1900++
but there is alternative scenario which is the down trend (in Red) where the Gold will have the power to spike strongly , which mean it has to drop harder in next 2 weeks
I have 3 Scenarios for next week candle:
Open - High - Low - Close
Scenario-1 1845.7 1913.663333 1889.44 1870.49
Scenario-2 1845.7 1885.508571 1836.488571 1873.27
Scenario-3 1845.7 1876.585556 1828.510278 1862.566667
as long as the gold didnt close any 4 Hours or 1 day candle below 1790-1800 zone , then , we are heading above 1900++
but there is alternative scenario which is the down trend (in Red) where the Gold will have the power to spike strongly , which mean it has to drop harder in next 2 weeks
I have 3 Scenarios for next week candle:
Open - High - Low - Close
Scenario-1 1845.7 1913.663333 1889.44 1870.49
Scenario-2 1845.7 1885.508571 1836.488571 1873.27
Scenario-3 1845.7 1876.585556 1828.510278 1862.566667
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