Wich way is next for gold?
Updated
Last week 2150-2147 support showed it's power to traders. For now it's our most important support zone to watch out over. After FED gold spiked up and created a ATH sitting around level 2222 and the next day gold collapsed again towards 2155. I do think gold bulls maxed out at last 2222 ATH. In the long run gold will fall.
Gold is retesting the breakout channel and i am expecting a pull back into stronger resistance zones before a fall of gold again. So in the upcoming days we must focus on longs first in the gold market.
All confirmed breaks below 2145 we should consider as a strong bearish market. So shorts needs to be added after. In my opinion whe wont be seeing this in the upcoming days..yet...expecting a good range between 2195 and 2148
All arrows show on the charts are posibilities. Priceaction confirmation are important. So don't use this as signal!!
Resistance: 2176, 2185, 2193
Support: 2157, 2148
Gold is retesting the breakout channel and i am expecting a pull back into stronger resistance zones before a fall of gold again. So in the upcoming days we must focus on longs first in the gold market.
All confirmed breaks below 2145 we should consider as a strong bearish market. So shorts needs to be added after. In my opinion whe wont be seeing this in the upcoming days..yet...expecting a good range between 2195 and 2148
All arrows show on the charts are posibilities. Priceaction confirmation are important. So don't use this as signal!!
Resistance: 2176, 2185, 2193
Support: 2157, 2148
Note
Just like that guys. Congraats
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