Gold price has been in an uptrend, in a bullish channel and recently bounced off the demand zone of the channel. Further, price also broke the 1812 zone to the upside and has retested the zone. I expect price to continue its movement to at least the 1829 zone.
I have been hesitant to post this set up and somehow price seems to respect every zone. In my view, I see price currently making a correction buy to the 49,300 resistance level before continuing its move to the downside. For those looking to "buy the dip", 41k-40k sure looks like a great spot!
Price has formed a bullish flag and is now at the demand area of the flag. I expect a bullish move to the upside and a breakout from the rectangular pattern. My Take profit is set @ 0.72800
Price has been bouncing inside a descending channel for a while now and has recently rejected the demand area @ 1.32236. I expect price to breakout and retest channel leading to the beginning of an uptrend. N.B: Also looking at the currency meter now, it is pretty obvious that GBP is seriously gaining strength as against USD that's doing the complete opposite.
Price is retesting a recent high, after rently bouncing off a major support from 30th Nov 2020
Price is in an uptrend and has formed a bullish flag. I expect a reversal to the upside of the flag from the support level.