The GOLD perpetual futures contract just made a new daily high, which exceeds the daily highs of the last several days prior. Chart displayed shows daily low and high, range of highs and lows for past days, trend using last 3 pivots, money flow, volume accumulation percentage indicator, and bull/bear power.
Day traders may wish to look for an opportunity to short...
#GOLD
πNew forecast
The price is at the upper border of the downtrend channel . I assume that after testing this border, gold will fall. Target - support 1765
By seeing the correct and strong sign, you can get to the lower range of the TB position, but in case of failure of the pullback and the token (the strongest style), you can get to the upper range and get the TB position with a low profit in the upper range.
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Most likely it shold fall till 1875, if it Hold that position We will buy from their till 1910.
in other ways if it Break 1874 and come down to 1845 and sustains there we will buy from their till 1910.
Good luck traders.
Most Probably It will come down till 1875 till till Monday and will revert back to 1890 , 1900 and then 1926 and Up till 1950+ .
if it came down to 1858 and then broke the support of 1850 then it's possible to reach 1800 (not likely) .
That's all from me GUAPAK , Please cross verify all my Ideas with your own analysis before entering any trade.
Thank You and Good Luck!
#GOLD
πNew forecast
Now the price is in a small channel. And I (at the time of publication) do not see a breakdown, which means I expect a slight upward movement - to the upper border of the channel.
β GOLD +70p
