Secret code for gold pattern! Short-term target: 1975-1980.
As I mentioned yesterday, retracement back to original position will be happened after 5 moves in short-term pattern.
Bearish move from 2000 finished 5 moves down to 1931, and will retrace back to 1975-1980 in short-term.
New pattern starting from around 1979 will be evaluated. No bullish chasing when gold reaches resistance area 1975-1980 today!
* Supporting: 1955-1960.
* Resistance: 1975-1980.
* Bull & bear boundary: 1985.
Bearish move from 2000 finished 5 moves down to 1931, and will retrace back to 1975-1980 in short-term.
New pattern starting from around 1979 will be evaluated. No bullish chasing when gold reaches resistance area 1975-1980 today!
* Supporting: 1955-1960.
* Resistance: 1975-1980.
* Bull & bear boundary: 1985.
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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.
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.