During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep you eyes on the USDJPY and USDEUR to support your...
The tight 1170-1172 range will determine the trend for the day. Whoever is able to proper break those thresholds ride that wave. as always, safe trading!
Expect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line. If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level). THe odds are on your side if you are following the bear train. Safe trading y'all~
The gold bulls will try to bring the price back up to 1170. Buying up every dip in the yellow box. However, Bears also have a plan of their own. They will be striving for their next goal which is the support of 1165/1160. Remember, Safe Trading!
Check yourself before you wreck yourself Safe trading.
Bears seem to still be in control. Bulls will try to reestablish their ground at 1700. Bears/Bulls are going back at worth in this downward red channel. Safe trading!
The fight/focus area is the yellow box. Bull will try their best to retake the new resistance of 1170. Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days. Safe trading!
My previous "focus" yellow box was beared out "RED RED RED" now on to the next focus box. keep your eye on 1155 level and the bear/bull fight at the 1172 area. Trade safely!