Gold has broken its downtrend resistance and is consolidating above it, meaning uptrend tendency of gold for now, but there are many strong resistances above it, including MA200 in 4H timeframe. So i think gold is going to touch this first resistance, and then lets see what will come next..
Here is the bottom of the new ascending channel. Time to Buy and hold till 1845-1855. Disclaimer: This is a personal perspective.
Gold has broken its descending channel and now its moving in its upward channel. Gold may has a pullback to maddle line or bottom of New channel. Look for cheapest price for buying
Gold has has broken its descending channel and now its moving in its new channel. Pullback to maddle line of channel or bottom of the new channel is only chances to buy.
Buying point... A safe point for buy entery...if price goes down, hold your order because price will come back to you.. -Disclaimer- Just a personal perspective
I think gold will continue retesting its new broken resistance line as support and its old resistance line multiple times and then continues moving forward into its known channel...
New ascending channel is formed.look for buying opportunities!
New buy signal is formed at marked point. Next step will be updated. —only a personal perspective—