"As I mentioned earlier in this scenario in the previous chat, gold seems to be following the pattern perfectly. Now, I'm looking to buy until it reaches the range of 1938-1941. If it breaks out from there, the next target zone will be 1956-1990. The reason I'm considering buying on the 4-hour time frame is that it has failed to break the support zone at...
since the gold broke the weekly down trend his movement is clear, 50$ up then sideways channel break again and another 50$ up, can we see him do it again? can gold break the 1845$ resistance line and make it reach 1890-1895$? I think he will, but first, let's wait for him to break the sideways channel again.
Goodluck.
As I said before in my past ideas that we aren't going to see gold below 1670 this year and he will stay between 1670 and 1920 in 2021.
now we are waiting to break the downtrend channel and visit the 0.618 Fibonacci level as a first target 1828$.
Goodluck
As long the price is trading more or lesse above the upside trend (since February`16) bullish!
round about 1303 should be a bullish support area
round about 1284 should be a bullish support area
round about 1263 should be a bullish support area
if the bears are winning the terrority backs,
- even more or less around the 1303, 1284, 1263 price levels
(and...
