GOLD broke the upward channel limit again and consolidating. There is a support at 1835, which used to be a resistance, and the market respected it several times.
I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up.
Upside target: 1850
I expect GOLD to continue consolidation and may try to touch the support at 1835, before it rotates back up.
Upside target: 1850
Commentaire:
senario cancels if the support doesn't hold. In that case, it may go for 1810.
Commentaire:
Tell me what you think! Love to hear different ideas!
Commentaire:
now gold is climbing back to the upward channel. let's see what happens next!
Commentaire:
Very Nice! GOLD went up to as high as 1855 and then came down a little bit. Now we watch whether it holds the lower bound of the channel.