Weekly Chart:
Last week we wanted the price to target the circled area which it has now down. As you see, on this chart we still have the lower level which we want to target. The swing is however completed and it is likely that they will want to trap sellers lower down before the taking the price up aggressively and then bring it down again. We’ll keep this structure and target in mind with weekly support at around the 1560-75 region.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Last week we wanted the price to target the circled area which it has now down. As you see, on this chart we still have the lower level which we want to target. The swing is however completed and it is likely that they will want to trap sellers lower down before the taking the price up aggressively and then bring it down again. We’ll keep this structure and target in mind with weekly support at around the 1560-75 region.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
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🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: www.instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
