Catching a jet to new highs if the retrace is over
Gold from Thursday-Friday was retracing from the fall over the start of the week (see previous published analysis) & late Friday got rejected from 1738-1740 area which shows bearish pressure still on this market. If however if we see 1740 area break to upside we can look for the previous highs to be tested again & a bullish market will be back in swing if no...
Price of gold was weak on Friday, every push got rejected also every fall got supported, this has formed a continuation triangle for continued sells into levels marked, lower levels can be found if price moves aggressively to downside from this triangle. This is my opinion and I would appreciate any feedback from others.