Gold can rise to 1850 zone
In yesterday's analysis, I said that my outlook for Gold has changed and I've become bullish after a clear sign that 1785 is support and the break above the 1810 zone.
At this moment my bullishness is on the rise along with the price and I expect also a break of horizontal 1830 zone resistance.
Technically speaking the resistance of the symmetrical triangle is broken to the upside at this moment and 1810 is strong support.
As I said, I don't expect 1830 to be much trouble for bulls, and acceleration when/if this level is broken is very probable due to the high volume of SLs above.
At this moment my bullishness is on the rise along with the price and I expect also a break of horizontal 1830 zone resistance.
Technically speaking the resistance of the symmetrical triangle is broken to the upside at this moment and 1810 is strong support.
As I said, I don't expect 1830 to be much trouble for bulls, and acceleration when/if this level is broken is very probable due to the high volume of SLs above.
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