TRADERS! I think we can all agree that Gold is looking bearish for this upcoming week.
Gold recently created a double top formation and broke the neckline which was a support zone (1798 -1801) and now it is retesting it as resistance , now my plan is very much simple and it is advanceable that we wait for a bearish flag formation to occur as we already have an impulsive move to the downside ,well that's at least what i'm expecting on GOLD this coming week .
the target would be support zone (1757-1762) as there's a possibility that the market might bounce off that zone one more time.
(REMEMBER TO ALWAYS BE PATIENT)
;)
Gold recently created a double top formation and broke the neckline which was a support zone (1798 -1801) and now it is retesting it as resistance , now my plan is very much simple and it is advanceable that we wait for a bearish flag formation to occur as we already have an impulsive move to the downside ,well that's at least what i'm expecting on GOLD this coming week .
the target would be support zone (1757-1762) as there's a possibility that the market might bounce off that zone one more time.
(REMEMBER TO ALWAYS BE PATIENT)
;)
