LYNL3

Gold reversal at the strong resistance and will go downwards

Short
LYNL3 Mis à jour   
TVC:GOLD   CFD sur Or (US$/OZ)
This is my first technical analyses without any knowledge or study before (just analysed some traders past few days and did some Google-research).

Forecast based on:
- Intersection of downwards trendline with resistance level = strong resistance
- NFP developments
Transaction en cours:
Still believe that Gold can not break out through the strong resistance zone given in Red.
Transaction en cours
Commentaire:
Since Gold could not break trhough the strong resitance zone, I expect a fall downards to the first level (1) 1741.01; --> when breaks --> second level (2) 1734.20; --> when breaks --> third level (3) 1730.11; when breaks --> 1720.52.
Transaction en cours
Trade fermée manuellement:
Price broke through the strong resistance zone, there are few fundamental news so hard to make forecasts based on technical analyses.
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