Possible Major breakout or another correction
Possible Major breakout or another correction,
Gold is in bull channel, however it has reached 50% of channel where you can find resistance and support, if breakout + and full gold power, we are looking for TG 1380 to 1450 by the the first week of May,
However a last rejection may occur getting bear targets 1210 -1205, then we can go full bull !
You be your own judge !
Gold is in bull channel, however it has reached 50% of channel where you can find resistance and support, if breakout + and full gold power, we are looking for TG 1380 to 1450 by the the first week of May,
However a last rejection may occur getting bear targets 1210 -1205, then we can go full bull !
You be your own judge !
Comment:
Now that we have reached sub channel (50% retrace) we may find some retracement or a bear breakout cheers
Comment:
For your consideration keep an eye on EMA 200 and EMA 400
Comment:
We have touched EMA 200 now, this is strong resistance, once price breaks and closes above EMA 200 we may see gold going for Yearly resistance otherwise, price will suffer a major pullback
enjoy!
Comment:
I believe major down trend will once again work as resistance, keep an eye
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Comment:
weak bull Shark ready to be filled, expectations on June 14th are great for dollar, so weak gold, keep an eye