Note: This is weekly cycle analysis and not recommended for scalpers or day traders
Here I would like to share possible bullish triangle which pointed towards 1630 and 1657 depends on the momentum. However I recommend to take out the profit around 1586 and wait for the retrace. Since we are in a triangle we didnot get 1600 in quicker session. I highly recommend to keep the bullish level of 1564 as pivot. Above it's bullish and below it's bearish.
There is a bullish flag also possible which I shared in last week. I attached here that idea with this.
Over all selling gold this year is not recommended.
Here I would like to share possible bullish triangle which pointed towards 1630 and 1657 depends on the momentum. However I recommend to take out the profit around 1586 and wait for the retrace. Since we are in a triangle we didnot get 1600 in quicker session. I highly recommend to keep the bullish level of 1564 as pivot. Above it's bullish and below it's bearish.
There is a bullish flag also possible which I shared in last week. I attached here that idea with this.
Over all selling gold this year is not recommended.
