TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD

Analyze

Now price trade under resistance zone 1988 - 1999 , so as long as price trade under that zone the chance of decline increase and price will try to reach 1977

under 1972 then we will see more bearish and price will reach 1954 , and 1939

also it possible to retest again to 1988 and then will drop

to be bullish trend should price stable above 1999 and then will reach 2011 ,2024 and 2046

Resistance zone 1988 - 1999

support line
1- 1972
2- 1954
3- 1939

Resistance line
1- 2011
2- 2024
3- 2046

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