Gold reached 1,765 and then reverse as this is the top of the 2 ascending channel
which will be a very strong resistance
now I think the Gold is in a correction wave which will continue between $1,756 and $1760
after that the Gold will drop ( fall ) into $1,690 as a short target
long target is $1,450
which will be a very strong resistance
now I think the Gold is in a correction wave which will continue between $1,756 and $1760
after that the Gold will drop ( fall ) into $1,690 as a short target
long target is $1,450
Trade active:
as we mentioned before there was a correction wave before price go down and we said that the price will reverse between 1,756 & 1,760
but the price was reversed once reach 1,754
so we have a very strong support
1- ascending trend
2- previous descending tren was breaked
3- previous resistance which will as a support
once we break this area
then first target 1702+-
second target 1690
Long target 1,450
but the price was reversed once reach 1,754
so we have a very strong support
1- ascending trend
2- previous descending tren was breaked
3- previous resistance which will as a support
once we break this area
then first target 1702+-
second target 1690
Long target 1,450
