Gold decline after rejected by strong resistance area at 2063 and 2076. Creating a tripple top chart pattern. The current direction is to test the uptrend line and the bigger chart pattern is ascending triangle pattern. Meanwhile, the current chart pattern is head and shoulder pattern. Can you see the head and shoulder pattern? Hope so.
For the recent chart, the supports and resistances area are as follow :
Support : 1892, 1875, 1858, 1848 and 1841
Resistance : 1907, 1926, 1936, 1945
Disclaimer : This technical analysis is for education purpose only.
Footnote : ENMFL (English Not My First Language) :-)
For the recent chart, the supports and resistances area are as follow :
Support : 1892, 1875, 1858, 1848 and 1841
Resistance : 1907, 1926, 1936, 1945
Disclaimer : This technical analysis is for education purpose only.
Footnote : ENMFL (English Not My First Language) :-)