Trendline was broken-Bullish scenario
GOLD
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the bull. The upper side target
would be 1960.00 and the extended target was 2074.00 which is ATH. 1960.00 was this year high.
The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull
.50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side
trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the bull. The upper side target
would be 1960.00 and the extended target was 2074.00 which is ATH. 1960.00 was this year high.
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