Gold made a double top, and was unable to reach 2700. as gold remain under 2650, it is possible to think about a correction. there is also tension in the middle east but it looks like was not a matter for the market. support levels on the chart ... as always should go step by step ...
Gold price (XAU/USD) ended in the red on Thursday for the first time in four days, although it showed some resilience below the $2,300 Gold price is trading on thin ice near the $2,300 level in Asian trades on Friday. in order to break 2300, the support area should be considered carefully. as always go step by step ...
I saw a kind of wedge pattern on the weekend so thought that a correction wave is more possible around 2380.after a downtrend it is obvious that the first form of the pattern is completed around 2295. Gold price is nursing losses while holding above $2,300, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the...
I looked at the chart several times and watch different scenarios. on the weekend. on my last post mentioned that decline is more possible. we are having a corrective wave around 2300. and also gold past its strong support easily, and it could be a little strange. despite the news we have this week, I go by my chart step by step as usual.