There is a great possibility that it will rise if it reaches 1760 for going to 1828, and a small possibility of going as far as 1681.
I expect the price box to fall according to the pre-pattern scenario
If it fail to make HH we expect it to make LL and start downtrend
right now GOLD is in down trend after it reaches our zone we can open buy position and the stop will be 5pips below the box
Gold time 15 and 30 ravand order bay 1722.00 and 1723.00 bay tp 1742.00
Gold start to bounce and resistance area is 1896.584
This is a combination of Yuriy_Bishko , Conotoxia and my ideas. I hope it`s useful
if you check our history we said 1765 is hard Resist now go back to 1730
gold may create a head and shoulder pattern, enter when the right shoulder completed, other wise will update
Fundamental View : =================== 1. The precious metal lacked any firm directional bias on Tuesday, albeit continued showing some resilience below 200-hour SMA amid the prevailing risk-off environment. 2. Oscillators on hourly charts have been gaining positive traction and also recovered from the negative territory on the daily chart, supporting...