The "Bullish Half Pipes" (That's what I like to name it) created an uptrend after it has made another smaller Half Pipe (pink), Now after some consolidation, the Bullish halve pipe appeared again with another smaller one (pink), I suggest prices continue to 1840.
Whats your opinion?
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As you can see from the S/R lines (in yellow), Gold struggled to break that so far, I don't see Gold Braking 1820 anytime soon unless it reaches 1820 and then goes down to around 1790 then goes on an overall uptrend towards 1850. Candles started developing beneath the Moving Average which suggest a reversal might be around the corner, however the RSI looks good...
Gold has breached the support line and dipped down for a short while (Yellow lines) and then came back and now gradually rising in an uptrend. It will probably rise by 1-2% on Monday & Tuesday but then might go through a short drawback to then continue its journey to 1800 reaching its new resistance line.
What do you guys think?
Im new, I like going simple. Would...