GOLD: how soon to expect the price movement and where?
For the last two weeks the price has been at the resistance line 1738. This line is formed inside the downtrend, which has been maintained since August last year. Like last week, I expect this pause to be just a correction to the overall rally that started in March from the 1680 support. The price can be expected to rise to the 1765 resistance. And only after that it will fall to the 1674 support.
SL - 1801.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1801.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.