Break out of Green Zone will decide the next move, Short Biased
1 Hr chart forming a nice upward channel which can be invalid once gold drops below the red trend line. If breaks below the green zone it will find the support on the blue Trend line between 1810-1817 and possibly then will make a move back up.
If price goes above 1830 , 1837 is next. 1848 can be expected
Disclaimer: Not a Financial/ Trading Advice
If price goes above 1830 , 1837 is next. 1848 can be expected
Disclaimer: Not a Financial/ Trading Advice
Note
It has gone below 1817. Watch out if it goes below 1810. Could fall further.Note
Good retrace up, watching 4Hr candle. Looking good for long bias. 1825 and 29 is next to takeout for further upper targets.
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.