Gold pushed against the bearish trendline and finally broke it at 1800.91, and then, the price could not pass 1826 for some meaningful time.
The trend is bullish since it makes a series of Higher Lows, but it carries little clarity on the candle Highs.
We could have called it neutral because of its high risk upon volatility.
But, 1860 is the nearest target and the bias is 1900. Good luck.
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
The trend is bullish since it makes a series of Higher Lows, but it carries little clarity on the candle Highs.
We could have called it neutral because of its high risk upon volatility.
But, 1860 is the nearest target and the bias is 1900. Good luck.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; -it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
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