Gold finished its 5 bearish moves on 4H by 1931.
1965 is critical today. In most short-term cases, gold will return to its original position after 5 moves. If 1965 breaks through, 4H resistance position 1979 will be the next target.
New pattern has to be evaluated if gold reaches 1980.
* 1st resistance: 1965. 2nd resistance: 1979.
* Bull & bear boundary: 1980.
New pattern has to be evaluated if gold reaches 1980.
* 1st resistance: 1965. 2nd resistance: 1979.
* Bull & bear boundary: 1980.
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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.