According to the last week announcement of change in interest rate on bond notes that shows the recession ,Visa vs Unionpay and all others factors.
Here we have bulls in control as started BULLs in the last week from the support area of 1680s. When that Bulls occur it came very quickly & closed its daily straightly covering its Bearish Candle which shows the sign of Bullish that is the Bullish Engulfing Candlestick Patter as well it is one of the Powerful pattern & always having 95% of success rate because it is always the trend counter & start a new Trend.
Well for now we are at 1725 & as a test gold was fallen last weekend close so that there is more possibility of falling. For that fall we have a SUPPORT AREA from where the Entry will be strong for catching the IMPULSIVE BULLs which leads the market approx to the Resistance Area. Also if Market Test little more Long then 1710 can be hit which isn't sure that GOLD will fall that much again.
We are completely in BULLs so for now we are out of Bears.
For more prcise and valueable will be post on Monday before N.Y session.
I HOPE YOU ALL GOT A BETTER VIEW ABOUT THE FUTURE GOLD MOVES.
Here we have bulls in control as started BULLs in the last week from the support area of 1680s. When that Bulls occur it came very quickly & closed its daily straightly covering its Bearish Candle which shows the sign of Bullish that is the Bullish Engulfing Candlestick Patter as well it is one of the Powerful pattern & always having 95% of success rate because it is always the trend counter & start a new Trend.
Well for now we are at 1725 & as a test gold was fallen last weekend close so that there is more possibility of falling. For that fall we have a SUPPORT AREA from where the Entry will be strong for catching the IMPULSIVE BULLs which leads the market approx to the Resistance Area. Also if Market Test little more Long then 1710 can be hit which isn't sure that GOLD will fall that much again.
We are completely in BULLs so for now we are out of Bears.
For more prcise and valueable will be post on Monday before N.Y session.
I HOPE YOU ALL GOT A BETTER VIEW ABOUT THE FUTURE GOLD MOVES.
