GOLD Important Major Trend Line (Weekly)
Updated
Hi Buddies
As you can see in the chart all historical major trend lines were shown. Price just has two choices and it's going to select the following direction. if it crosses the red line successfully it will break out the head & shoulders neckline and go to the 1470-1500$ price area. the next target for this situation is the 1600-1650$ price area as the head & shoulders target. on the other hand, if it breaks the blue historical major trend line it will reach 1050$ but personally, I think the first choice is more plausible.
Good Luck...
As you can see in the chart all historical major trend lines were shown. Price just has two choices and it's going to select the following direction. if it crosses the red line successfully it will break out the head & shoulders neckline and go to the 1470-1500$ price area. the next target for this situation is the 1600-1650$ price area as the head & shoulders target. on the other hand, if it breaks the blue historical major trend line it will reach 1050$ but personally, I think the first choice is more plausible.
Good Luck...
Note
The price hit the first target!Trade closed: target reached
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