Gold may hit #2050
The consolidation of this trend was broke at #2006.15 which led us to a new support and resistance level at #2015-30. We may still look at a possible touch at level #2049-55
Good luck traders.
Helle traders
We have our resistance level at 2005.48 and our support at 1988. This means the buyers are trying to push the market back to its highest point later this week or the starting of the following week. We do see our Lh & HH on the 30min chart , however, the latest resistance level which is #2003.21 was bridged and it rose up to 2005.48 and it has...
Hello traders
Today's chart is giving us a bullish movement since our last pressure point was on #2003.01. Decided to break above #2004 and the pressure point is still standing in 2005.21. Once it breaks our pressure point which is our resistance level it has to drive back down to retest to 2003.01 and bounce back higher than our resistance level
As we can see on a daily chart the market has several touches on 2345 which will be our resistance level and our low is 1617. We are still expecting a rise in the up coming week to touch our next target on 2200.
we have a doji candle which signifies a change in direction and it is followed by a big bearish candle. This identifies the confirmation of a bearish trend in the daily chart. Place an order with a stop loss and a take profit at order 1831 ; sl 1850, tp 1822; just to be on a safe side of the market with risk maagement also applied.
