Multi-Timeframe Analysis:
Hourly Chart: At the middle of the downward regression channel (Neutral)
Daily Chart: Inside bar after at 0.381 Fibo level.(Neutral)
Weekly Chart: At the middle of the downward regression channel (Neutral)
Important Weekly pattern: in the past 127 weeks, gold has never closed at lower levels for four consecutive weeks..!
Monthly Chart: Rejection from 1800 level.(Bearish)
Conclusion: Neutral is the most probable scenario, Fluctuation between 1740-1785.
Since gold has been closed at lower levels in the past 3 weeks, closure above 1750 level is very probable..!
Good opportunity for Binary option trading!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Hourly Chart: At the middle of the downward regression channel (Neutral)
Daily Chart: Inside bar after at 0.381 Fibo level.(Neutral)
Weekly Chart: At the middle of the downward regression channel (Neutral)
Important Weekly pattern: in the past 127 weeks, gold has never closed at lower levels for four consecutive weeks..!
Monthly Chart: Rejection from 1800 level.(Bearish)
Conclusion: Neutral is the most probable scenario, Fluctuation between 1740-1785.
Since gold has been closed at lower levels in the past 3 weeks, closure above 1750 level is very probable..!
Good opportunity for Binary option trading!
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.