gold moving in a downward channel ( red lines ), daily rising trend line (blue) has broken twice and if price sustained below it then next move will be down to next support (green trend line) and final move down to 1880-1870 level for short time. 1970 is strong resistance for now
this idea is in continuation of my previous idea 100 % correct, now after hitting resistance line it is moving towards downward channel support and Monthly rising trendline support@ 91.60 level, this level will be a rebound
this idea is continuation of my previous idea that proved 100 % accurate, gold is struggling to get out of this channel and having a rising trendline support, before NFP it will see 1955-1962 level and today it can hit 1970 plus, it can give strong daily and weekly closing today near 1962 level.
gold is moving in a triangle and a bearish channel is forming, 1935-1936 is support and 1970 is strong resistance, after touching 1935 it may take a bounce upto 1970-1975 level and then move down toward 1915...