🥇 GOLD - Waiting for a rebound from strong support
Gold is declining and may continue to decline through 2016. This support has a proven strength, and in the absence of a clear trend, this level may push the price up with the help of buyers. The target in this case is 2027
Reasons to bounce:
1) Key level 2016
2) Price is trading inside a global flat pattern
3) 2016 is a strong support with a proven history
4) A distribution to support reduces the chances of a breakout
5) A bounce from 2016 could foment a correction to 2027.8
Reasons to bounce:
1) Key level 2016
2) Price is trading inside a global flat pattern
3) 2016 is a strong support with a proven history
4) A distribution to support reduces the chances of a breakout
5) A bounce from 2016 could foment a correction to 2027.8
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Trading Tips💡
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