The difference between the highest price and the lowest price in Triangle is 164 $, in most cases after triangles breakouts the movement is equal to the difference between the highest and lowest triangle points which is in this case 164$.
so I think Gold will continue downtrend after this correction ends to 1685$
I think this time the gold will not continue kidding with us, he will make a big move this time after breaking the triangle, what do you think guys the gold will bear and lose a lot of points down, or bull to reach new high levels?
Gold Trading plan, The gold is making an uptrend triangle pattern, for now, every downtrend correction the gold made is higher than the one before, the gold has to breakout the tringle uptrend to see him again at 2070$. if the gold reached 1900$ then forget about this idea.
good luck to you all.
After my last Idea that I published and reached the targets, (1980$ - 1934$ - 1900$ and almost 1862$) I think now is just up correction, I can't see the gold will bull again to high targets, especially after Russia coronavirus vaccine. after this correction, I think the gold will back downtrend to 1854 as a first target.
After reaching our yesterday analysis target 1854 $ I think now the gold will make a correction to visit 1827 $ then we will see him bull again to 1890 -1900 $, so be careful of buying gold now, my advice for you guys to wait after the correction ends,
note: the correction also maybe break the 1827$ to continue to the 1816$.
From 7\July till this morning the gold build a channel between the support 1794$ and the resistance 1816$ , this morning the gold broke the resistance , now we are looking to see the gold visiting 1854 $