ZarNegar

Gold is in deadlock

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold can not easily pass through resistance 1310
But it can easily fall to 1210
Good luck

Comments

Your charting worked, except the other way.
+1 Reply
Woops!!
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Broke out of your box..what next?
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wow...the gold box
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We are not familiar with this king of TA you are using. It is far more fitting to stick to the traditional lines, which currently show that 1325 is next:

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ZarNegar InvestingScope
@InvestingScope,
I have no confidence in the traditional lines & I prefer to use modern lines.
And I'm sure gold is in a dead end
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JayM ZarNegar
@ZarNegar, Yes, I agree with you. 1310 is a resistance, but 1260-1270 area is a strong support.
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FinkPloyd ZarNegar
@ZarNegar, Don't mean to poop on your party, but your (top/high) box lines have been violated... meaning, you have to draw another box on the top of it... meaning the price is going higher to the next resistance. Just my opinion.
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