WEEKLY
Conclusion: Bearish
Analysis:
-As per candle date 150724 from weekly timeframe, it has rejected the tentative trendline and resistance level at 2417.55. Both rejections have pushed the price down below the support level which has become the resistance level according to the daily timeframe. 4h timeframe give definite signal of bearish with...
LONG TERM
Conclusion: Bullish
Analysis:
From the chart, gold is still in an uptrend mode. It is supported by the major trendline. And the existence of the tentative trendline accelerated the market and indicating the uptrend I still intact.
With the presence of cup and handle chart pattern give enough momentum for the price to break the resistance...
