GOLD recently after triple bottom at 1620 started its bull trend.
The price making higher high and higher lows.
The bulls face tough resistance at 1785-1789.
The price took beat from that resistance zone.
The bears get control in above mentioned resistance zone.
The price started to drop from resistance zone.
The price reached to an important support zone of 1733-1737.
The mentioned support zone was previously a hard resistance zone.
The bulls now give breakout from a bearish channel.
The price is currently at 50 fib level of recent 1685 to 1626.
The bulls need to do more for keeping a bullish trend onward.
Manage your trades accordingly.
The price making higher high and higher lows.
The bulls face tough resistance at 1785-1789.
The price took beat from that resistance zone.
The bears get control in above mentioned resistance zone.
The price started to drop from resistance zone.
The price reached to an important support zone of 1733-1737.
The mentioned support zone was previously a hard resistance zone.
The bulls now give breakout from a bearish channel.
The price is currently at 50 fib level of recent 1685 to 1626.
The bulls need to do more for keeping a bullish trend onward.
Manage your trades accordingly.
