M_KAY

M_KAY

The bearish pattern has completed above the key level, possible fake breakout of the level. If the price breaks the next below key level we can expect a further down move for GOLD !!!!

M_KAY

If the price fails to break the resistance level, gold will roll down.

M_KAY

If the price of the next candle fails to close above the resistance line, we can expect the price to move down and test the next support/resistance line.

M_KAY

Gold has been raging for sometime. Broke through the rectangle and tested the below level and pulled back to retest the previous level. If the price fails to close above this level, we can expect the price to go down and test next level of support/resistance below.

M_KAY

The price has tested the level of resistance with the possibility of bouncing from it. The RSI is going down while the price is going up signaling a possibility of divergence. If the RSI bounces from the horizontal line and the price close below the resistance then we can go short.

M_KAY

The price has tested the strong level of support. There is a possible divergence between the RSI and the price. If the price bounce from the support level and the RSI fail to break the horizontal line, then we can expect a development of a new bull formation.