GOLD TECHNICAL ANALYSIS
Gold prices popped higher from support near $1680/oz, pushing through downward-sloping resistance guiding them lower since the beginning of the year. While this seems to neutralize near-term selling pressure, buyers have yet to clear support-turned-resistance in the 1747-66 zone. This means that the next phase of trend development may be sideways consolidation, and not necessarily an extended reversal higher.
Entry: 1744
Sl 1765
Tp1: 1677
Tp2: 1640
Gold prices popped higher from support near $1680/oz, pushing through downward-sloping resistance guiding them lower since the beginning of the year. While this seems to neutralize near-term selling pressure, buyers have yet to clear support-turned-resistance in the 1747-66 zone. This means that the next phase of trend development may be sideways consolidation, and not necessarily an extended reversal higher.
Entry: 1744
Sl 1765
Tp1: 1677
Tp2: 1640
Comment:
Alternative scenario above 1795 buy to 1860
Comment:
Gold going towards 1745. Then watch for sell or buy above 1765.
Trade save
Trade save
Comment:
Se buy to 1744 then watch for buy or farther sell ås the charts above showing
Comment:
Comment:
TARGETING 1800.befor selling to the breakout @1722 for possible correction before go long term
Trade closed manually