Forex-gold
GOLD What to doEverything is clearly visible on the chart.
The price broke through 2 resistance lines and reached the resistance line at the level of 1550.
Do not forget that the trend is growing!
Therefore, now I predict a fall to the support lines, after which growth will begin to the resistance line at ~ 1600
What to do with goldGold plummeted in a couple of days.
The price reached two strong support lines, after which growth began.
GOLD is now on a small resistance line and at the resistance level of 1547.
I expect that the price will return to the support lines and it will be possible to once again buy gold from these lines.
+ trend is growing
Target is the line of resistance.
GOLD (XAUUSD) Potential Harmonic Short
morning guys,
potential bearish harmonic abcd pattern is forming on gold.
this pattern gives us a perfect sell zone to short locally bearish market.
I will be looking for a sell entry within 1594 - 1609 resistance area.
profit protection will be started from 1557 level.
good luck!