Gold: Update/ Predication
Updated
Update: "If price breaks and closes below 1940 looking for price to test 1930-1925 levels." And that was corrected Gold closed today @ 1925.28.
Predication: Gold tested both trend line and Key support levels. If price doesnt break trend line or support level Gold will pivot and test 1945-1950 level.
Long Targets:
1936
1945
1950
Longer Term: When Gold closes and locks 1980 Gold will push for All time Highs. The chart is showing a nice reversed Head and Shoulders pattern and 1980 is the neck line.
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Predication: Gold tested both trend line and Key support levels. If price doesnt break trend line or support level Gold will pivot and test 1945-1950 level.
Long Targets:
1936
1945
1950
Longer Term: When Gold closes and locks 1980 Gold will push for All time Highs. The chart is showing a nice reversed Head and Shoulders pattern and 1980 is the neck line.
Please Like, Comment, Share. Look for updates during the week for some Trades.
Note
If Gold keeps falling and breaks and closed below support I can see Gold head to the 1875 level or even the 1850 levels.
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