Gold Price Expected to Rebound at Support Level
The current trend line for gold is a downward sloping line that has been in place since . The gold price is currently trading at and is expected to continue to decline until it reaches the support level at . Once it reaches this level, the gold price is expected to reverse its direction and begin to move higher.
Comment:
To the target (2321 USD).. ;)
Comment:
If the price breaks the white downtrend (hanging in the air) + crosses the vertical white time line today, May 14, at 9:30, we will close the downtrend and start a very strong buy order, with its first target being $2,375 per ounce.
Comment:
How does a line hanging in the air affect the price?
Perhaps we will close the sell Order now (in profit) and open a buy Order, because the time represented by the white vertical line remains less than 3 hours - which means that the price after that will achieve the second part of the recommendation early, which is rising to the targets 2350$,then 2380 $
Perhaps we will close the sell Order now (in profit) and open a buy Order, because the time represented by the white vertical line remains less than 3 hours - which means that the price after that will achieve the second part of the recommendation early, which is rising to the targets 2350$,then 2380 $
Comment:
1st target 2350$ just done!
Comment:
in the road to 2ed target $2,375
Trade closed: target reached