To my way of thinking, This zone has been already broken down in 4 hour chart and then, target will be down to drawn zone, However, be careful about the retest, there will definitely be the retest. Just wait and hold on.
As we see from the graph, gold is on the strong support line, if it can break the line, then it continuously go down. However, if It bounces on the support line, it would go up. let's see guys
Hi and thanks for visiting, As I see the from the charts, I made analysis and found out there was a dow theory. The first HH, HL and HL have already formed now I expect that New Higher High will come out soon. It might happen in today. So I entered the trade on GOLD seeing the 15 minutes chart. Let's see and make it happen guys.
Hi and thanks, I am glad you guys for visiting.
So, I made a little technical analysis for Gold in 4 hourly chart. As we know that gold has almost hit that all time high, However, it could not break up and went down. It did not go up as much as I expected. Now, Price of Gold is in falling wedge, if it break out, it will definitely surge into Strong resistant...
As we can see by the technical analysis, Falling wedge has already broken out and buyers squeezing the price. In my opinion, It will be going up to first target that is symbolized TP.
