Gold analysis : will It Decrease or not?
Hi every one
GOLD
GOLD is in a symmetrical triangle right now which means that the price can range between this pattern's lines before a break out can happen. as you can see the price is now on the bottom line,there is a good chance that the price would Increase from this point because there are Hidden Bullish Divergences on Both MACD and RSI which are great Bullish signs! how ever after the break out happens (Downward or Upward ) we can be sure what is gonna happen to Gold ! If the downward break out happens the price would fall to the support (shown in the picture) and If the bearish movement continues the chance of reaching the strong support which is shown In the picture is pretty high! we just have to wait for break out to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
GOLD
GOLD is in a symmetrical triangle right now which means that the price can range between this pattern's lines before a break out can happen. as you can see the price is now on the bottom line,there is a good chance that the price would Increase from this point because there are Hidden Bullish Divergences on Both MACD and RSI which are great Bullish signs! how ever after the break out happens (Downward or Upward ) we can be sure what is gonna happen to Gold ! If the downward break out happens the price would fall to the support (shown in the picture) and If the bearish movement continues the chance of reaching the strong support which is shown In the picture is pretty high! we just have to wait for break out to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
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