Here's another detailed analysis but it's kinda messy as it contains some major points.
1/2
Gold respected 2011's support zone and Broke
Falling Wedge on Thursday's FOMC new.
Price can be seen travelling within
another Bearish channel.
2/2
Price seems like respected 1945 zone and
retracement for continuation of Bullish
momentum is expected. We can have another
possible entry once it retraces properly or we
can have major breakout till 2000 zone without
retracment depending upon the current fundmantals.
DO follow and share your opinions as well :)
1/2
Gold respected 2011's support zone and Broke
Falling Wedge on Thursday's FOMC new.
Price can be seen travelling within
another Bearish channel.
2/2
Price seems like respected 1945 zone and
retracement for continuation of Bullish
momentum is expected. We can have another
possible entry once it retraces properly or we
can have major breakout till 2000 zone without
retracment depending upon the current fundmantals.
DO follow and share your opinions as well :)
