Local timeframe. 29 November.
1) Gold is in the range and is not going to fall yet
2) The fifth Elliott wave is forming (presumably).
3) Price is forming a Triangle pattern in an uptrend. I think the growth will continue
4) I expect that from triangle resistance the price may fall to support, as above 1755 is a heavy zone due to volume
5) A breakdown of 1755-1760 could form a strong momentum towards 1784-1820
Long:
1) When triangle resistance (or 1758-1765 resistance zone ) is broken
2) When triangle support is tested (1740-1744 zone).
Sell only when triangle support is broken through. The target in this case will be zone 1712
1) Gold is in the range and is not going to fall yet
2) The fifth Elliott wave is forming (presumably).
3) Price is forming a Triangle pattern in an uptrend. I think the growth will continue
4) I expect that from triangle resistance the price may fall to support, as above 1755 is a heavy zone due to volume
5) A breakdown of 1755-1760 could form a strong momentum towards 1784-1820
Long:
1) When triangle resistance (or 1758-1765 resistance zone ) is broken
2) When triangle support is tested (1740-1744 zone).
Sell only when triangle support is broken through. The target in this case will be zone 1712
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Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
All information in my FREE TELEGRAM: 🌹 https://t.me/GoldTechSignals
My contact: https://t.me/GoldTechOfficial