It has not reached the last bottom and this could indicate an upward step. The momentum of the fall was very high last week, but now we are seeing an upward movement. We proceed according to the possible scenario. At the price of 2440 and 2450
Gold is now in an ascending channel and experienced a sharp decline from the middle line of the daily time channel and reached the bottom of the channel, but the break of the bottom of the channel was fake, now the price is expected to move higher. From the bottom of the channel The price is tight and uncertain. If the ceiling of this small range is broken, we can...
According to the research we had on the dollar index, the price can react to its upper range and after the same range, it starts a downward movement and fills the gaps created by its upward step.
According to the view given by the price and the price patterns of the dollars, we are going to see a nice drop on the euro chart with the NFP news.
I am considering a fall for the gold chart, but the dollar index has also approached the important limits and it can fall and gold will move up, otherwise you can wait for the fall of gold. In the last few months, gold has not fallen properly and probably In the next few months, we will see the falling trend of gold. 😬
The dollar guard index has risen and with the news, it is likely to show a strong upward movement and fill the created gap.
Above is our liquidity area and on the other hand, we are at the top of the channel, the price has the potential to fall to the middle line of the channel or the end of the channel. Now we have to wait for the price to reveal its main movement.
According to the views we had for gold, we are considering that an upward movement will form from these areas that I have defined with Fibonacci and the price will touch 2210 for us.
The price has taken good upward steps and is expected to touch the upper box and then reach the order block.
The floor and ceiling prices have been raised and now it is expected that the price trend will rise in the form of a channel