In Gold we can see after drop from 1909$ price is struggling between 1784-90 today is very imp news data coming from us lets talk about technical levels of gold and expected move. Here we can see price is respecting its support of 1883 a strong trend line and alse double bottom formed. Here we have two senario if price break this support than it goes to 1777 and strong support if break 1777 than wait for retest of support now as a reistance and than entr short position in xauusd. 2nd if price respect this double bottom than you can entr buy position SL below trend line and double bottom 1780 and you take profit is 1797 and 1800 and 1810....
Chart PatternsChart patternsDouble BottomGoldgoldanalysisgoldforcastTechnical IndicatorspriceactiontradingTrend AnalysisXAUUSDxauusdanalysis

Also on:

Disclaimer