We are currently sitting on weekly support. A rejection to the upside is expected for a higher.
Seated on a daily support. There is a high chance we'll see a move to the upside. If support maintains.
Formation of Inverted Head and shoulder.
A possible retracement to 0.618 of the fibonocci
The pair has provided an over extended W formation and we should expect it to retrace all the way to the neckline or to at least 0.382 of the Fibonacci
The market is now testing the previous high and if the price will break above we can set a nice long.
We expect some retracement for the above
Last one week we say the Gold prices deep sharply, We might see a slight retracement before going further down