1).Current Price at 1609.05,However Gold could still continue rising towards upside due to Coronavirus Outbreak that fears the Global Market. 2).Once it's break is current price it could look for immediate support at 1612. 3).If could break 1612 can immediately look for further resistance on top at 1630/1631. 4).Cup & Handle Pattern Spot on Gold Weekly Time Frame. 5).According to RSI it might retest near RSI 85 level to find support near 1589 - 1575 before continue rising on the next leg towards 1700 psychological price.
This is my point of view on Gold Outlook.Kindly please trade at your own Risk.
Thanks and Have a Profitable Trading
Comment
⋅
Gold Now make a consolidation/correction around 1686 - 1636,if it breaks 1636 below can look for further support near 1611 - 1591 before rising towards next leg at 1800.Overall on Long-term basis this outlook exactly will be happen.
When nobody know until it's happen? But surely will rise to 2000 price above by end of this year or by 2021.
Finally Hit my key level at 1631.. we will see where Gold heading.. will it could go up to 1700?
Andrew_Sam
⋅
After posting this now Gold price trading at 1618..Hope Most of you make a good Profit on Gold.Hope It creates new High at 1630.. If break this could hit up to 1650 - 1686.. Before touching 1700..