Gold should have strong support at 1300 and strong resistance at 1350.
From the trendline to the rising base. It is likely that if price can break above the resistance and close the week bar above 1350, the price should be a real uptrend. And it is possible to reach the 1500.
However, if price goes down and close the week bar under 1300, there is a very good chance that prices will fall and probably down to 1250.
From the trendline to the rising base. It is likely that if price can break above the resistance and close the week bar above 1350, the price should be a real uptrend. And it is possible to reach the 1500.
However, if price goes down and close the week bar under 1300, there is a very good chance that prices will fall and probably down to 1250.
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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.
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.