First we understood that price has been making some clear footprint since previous weeks. Base on analysis on the image, price is performing an uptrend which is identified using a rectangle trend. The trend provide an edge to trade following the trend, the price is also making another uptrend from the previous LH towards the next HH. On the recent trend which is...
We might see some pull back towards 33500 before bullish continuation
Gold price consolidated towards 2008 resistance level while performing a symmetrical triangle. Price perform a strong pull back while breaking below 1970 support level which turned a new resistance level. If price retest 1970 resistance level, we might have more pull back towards 1920.
Price performing an uptrend, if price retest the previous breakout level we should expect the next bull run.
Price printed 1st and 2nd test on a major support level, also making a consolidation movement towards testing the 3rd support level. If price make a third test on the support level, we expect price to move bullish towards 107.00.
3rd time resistance retest, strong possible reversal. Look out for sell opportunity on LTF.
If you can dream it, you can have it. Possible strong sell on Gold
Price printed a bearish triangle and breakout at the LH support level, now support level turned resistance and we can wait for a retest at the resistance level for a possible short trade.