GOLD has broken multiple support levels to reach this ultimate low, yesterday cpi news gave gold a more powerful drop to the downside for it to reach its hihgly anticipated level, so today we may see gold recover and gain more strength moving towards its $2000 value
gold broke out of the second layer and tested the 1914 support. we anticipate the metal to retest before continuing to the upside 1950 level. no special things expected
should the market respect the harmonic patterns movement and tis medium head and shoulder play out then we should expect a turn toward the downside of the chart
gold has respected a major support level @1918 and pushed up creating a momentum for a possible bullish movement. a trader could have went bullish from @1918 and still hold their position today
gold might shoot up like a rocket on soda as i see a clear head and shoulder pattern facing downwards and prepping for a long buy position on wax. this migh or might not pattern due to the unknown news to come but we are clear on our entries.
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gold might move a little to the upside before moving towards the continuation of its downside movement toward the supply zone, while clearing most of the liquidity left behind and on its parth towards a strong support level
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the market could reach the supply zone, and then move on to hit its lowest lows/support areas. it is now at about 90% in progress. the remaing 10% couuld start by the begining or middle of next weeks sessions.
capitalizing on the dynamics and volatility of the long side of the market
Gold hit the second resistant zone tumling down to the third support at 1772