Double bottom formed perfectly and neckline broke and we talk a lot about gold strength and shared many long analysis on best price available :
now the question here is this that where it can stop ? or what are some best entry point available for now ? all resistance ahead and support zone that created shown on chart we may have small correction here and maybe touching black zone that shown as new support and continuation of rise after that is expected new targets mentioned and price marked that we are looking for them in next few days . DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
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Clean and detailed analysis. Thanks for sharing your insights. 🙌
pacifiedKing69415
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rsi 70+ on 4hour timeframe, and around 60 on daily, so a small downfall is expect ( to around 1730) and def no strong trend. Still gotta wait for the 1800+ zone, and for the big uptrend. However, I too, believe it will come shortly.
brentonwalker1295
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The market will continue to 1850-1875 to trap selling pressure and reduce market percentage for retail traders before reversal. This will be the last upwards trend for the year before sending to 1400-1300
Aiko89
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Agree, althought 100 ema and 200 ema at 1790# Will be a bit of test or do you consider 200 sma as main with FiB levels?