checking the chart Daily Tf, the market has been moving up in a channel and the market has been bullish for days. There is a break out on a minor trend on lower Tf(s) which is expected to continue selling and to seek support at 35930 and 35850 range. Let's see how the market plays out.
Based on my analysis, a upward trend have been formed on daily Tf, and there is high chance of the sell to continue. By completing the Shoulder Header Shoulder structure and breaking the support at 35610 - 35528. This will to a major sell before testing the support at 34050 zone which is the trend line. Also there is a possibility of the market to buy and test the...
It appears the resistance zone have been tested and proved, it is likely the price will respect it again which will lead to a sell from the range 16397.5
Gold have been in a downward trend for a while there should be a bullish break out which will retest on the trend line then continue buying till 1813 which there is another major resistance
Gold have been going on a downward trend base on trend , but looking at the chart there is a possible break out which should happen and buy till @1800 which another major resistance is.
