Gold Update
Weekly
The price is still in uptrend and it does not look that it wants to change the way.
From the S/R view, there are many sell orders on the level 1940,1950 that 3 times stablished and it made the price to reject to pass 2070 but as you see in the following chart:
https://www.tradingview.com/x/95cflYQZ/
the sell orders are almost finished and market want to start leaving the mid line and go to the upper line to uptrend.
But as you know the nature of the market is not built on forcasting and it is just statistics.
Therefore, the price is still need to move upper than 1950 and build the base to start checking the upper price.
The price is still in uptrend and it does not look that it wants to change the way.
From the S/R view, there are many sell orders on the level 1940,1950 that 3 times stablished and it made the price to reject to pass 2070 but as you see in the following chart:
https://www.tradingview.com/x/95cflYQZ/
the sell orders are almost finished and market want to start leaving the mid line and go to the upper line to uptrend.
But as you know the nature of the market is not built on forcasting and it is just statistics.
Therefore, the price is still need to move upper than 1950 and build the base to start checking the upper price.
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