From first glance it is not difficult to recognize that the market has been bearish for quite some time now. Looking on the far left we can see that as the market was on its way up it was met with a Resistance, but inevitably broke through it. A year and couple of months later the market has returned to the level again. Currently looking for a bounce of this...
At first glance, the first thing you can see when looking at the chart is that it has been bearish for some time now. From the zone highlighted ,we can see that on the left the market established a resistance. .fast forward to where the market is now, the probability of a support & resistance switchover is eminent.
Market moves: currently I do not see any...
The price of Gold has been moving in the bearish direction for quite some time, which established a bearish trend in the medium term. Market price is almost at a major demand zone. Looking at the chart, it is quite simple to realize that the market has failed quite a number of times to break below this demand level. Chances are that the market will bounce off the...
