Its the third time at the same level market rebound and the triangle more explored to us after breaking the down trend and testing it again we are sure market will go up to 1.8041 this level our first target and under the new low is our SL .
Good luck ..
two scenario for GOLD movement . Now we are in a correction wave pattern , first the price looking for a support before going up this movement can be canceled if the gold price breakout the resistance upr trend line
after testing the support on 1.4582 twice the price pull back and we are looking now to see the price on 1.48202 resistance area and looking for a caution there then for the next resistance after the break up
With a confidence of the Euro /Usd is more expected to go down and fast to reach the support zone but maybe should have the Exit strategy too.
0.98 is the most expected price to hit in few months but if we break the recent trend we can look for a new high then a new low after that we will look to reach 1.20 level
In Range bond movement ,after big draw down movement the market hold on if the price broke the upper levels 114.5 we can the price around 116.00-115.50 .
or we will go down after breaking the last trend toward the support area again