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gold wava anlysis

Short

The blue support area from 1670 to 1665 is very important for buyers. By touching with this area, gold is able to return nearly 38.2 percent of the recent fall to 1700, and by breaking 1700 it can reach to the red resistance zone in 1712 to 1717, where 68.2 percent of the recent fall is back has done .
This area of red resistance is very important.
If this resistance area break , gold will increase until 1775. If we return from the red resistance area to 1636 and then by passing this number to 1596, we have a price reduction.
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