Hey Guys
Today we continue to analyse GOLD price progress.
Gold has move breaking the 1796 price level and reach the 1809 resistant level and was rejected for the first time in 4hour Time-frame. This indicates most likely price going to retest this level or break the 1809 level heading for 1830.95 level.
From my personal perspective price rejecting to retest RBS level at 1796 price tag before continuing rally for uptrend progression market structure. Supported by a solid uptrend trendline and strong RBS level for the next few weeks we will see gold moving toward the previous highest level.
On the downside, I am looking for a solid breakout at 1796 price, rejected at 1780 price level then retest SBR level at 1796 level. From here, unable to break SBR level most likely gold gonna continue falll looking 1720 level.
Let's see what happens next, as buyer investor still in advantage to push the price higher.
Cheers
Today we continue to analyse GOLD price progress.
Gold has move breaking the 1796 price level and reach the 1809 resistant level and was rejected for the first time in 4hour Time-frame. This indicates most likely price going to retest this level or break the 1809 level heading for 1830.95 level.
From my personal perspective price rejecting to retest RBS level at 1796 price tag before continuing rally for uptrend progression market structure. Supported by a solid uptrend trendline and strong RBS level for the next few weeks we will see gold moving toward the previous highest level.
On the downside, I am looking for a solid breakout at 1796 price, rejected at 1780 price level then retest SBR level at 1796 level. From here, unable to break SBR level most likely gold gonna continue falll looking 1720 level.
Let's see what happens next, as buyer investor still in advantage to push the price higher.
Cheers
