as we can see Fibonacci retracement gold will be put to its place at 1930 levels
Mighty Gold will settle its place towards 1970 as shown in higher high and than higher low pattern
As i drew the trendline higher high , trend should be broken down wards for sell entry . Target should be 2030
Resistance :- 2065 Resistance:-2070.878 Resistance:- 2075.419 Suport Level:-2051
Gold will move as son as possible @ 2070 levels. there is a supply zone @ level 2060 wait for it hold your position and than follow towards 2070
Gold target for now is 2060 and wait for the supply zone if goes bearish after 2060 than target will be 2050
Hi traders if you see the two circles , dont see as a circle see the prices isde the circles and its patern . on previous circle you can see the price began to drop , we can expect further drop in the next circle zone on gold
Gold will go long till 2052 then wait to see upcomming US Doller Economic event . Ext upcomming resistance will be 2052. past support level 2028. Best of luck
4 support zones for gold as mentioned on the picture . Main Resistance is also mentioned on this idea. Support Zones for Gold 2020 2010 2001 1995
Trendline has been drawn if the channel breaks it will be sell opertunity
Gold will go long if it break the top resistance line , make yourself clear that rising wedge line will work as a support plank so take your profit wisely.
Described on chart. This is for long term buy only nt for short time
Wait for resistance to be collapse fully and then do sell entry
Check the false support level denominated as 1 2 3 4 5 which will pull back to 1 (false support) then 2 , then 3rd then 4th and then 5th
Sell at the current price and take profit at 1055 levels