Gold price in a range , potential buy for short term once broke
Gold price if break above 1839 , we will expect towards 1960 .
Currently the price is testing the range (1920 - 1950) .
In a bigger picture , price is cap in a range on H4 between 1897 - 1968.
The smaller range between 1918 - 1950.
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Currently the price is testing the range (1920 - 1950) .
In a bigger picture , price is cap in a range on H4 between 1897 - 1968.
The smaller range between 1918 - 1950.
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Please share your thought in the comment section.
Give a like and follow me for more idea.
Note
Once broken below 1918 (smaller range support), we will expect 1897 (bottom of the bigger range) - quite likely scenarioNote
Price did not fall below 1918 and this allow it to go back up to 1938.Note
Price hit 1933 and capped. We see price will fall towards back to 1918 or to 1897
Trade active
Above long trade has activated as price has retested at 1925.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.