traderfiz

traderfiz Updated 

Hey Traders! Hope you guys having a good week. So let's start with forecast analysis for Gold pair. In this analysis, I am going to write a summary so that it is easy for us to analyze the chart. See below analysis for each time frame; 1) Monthly - Price still at Supply Zone and RSI shows 70% oversold. If the price breaks 1599, it is a bullish sign as the major...

traderfiz

In a monthly time frame, it is clear that the pattern forming descending triangle and forming double top inside the major pattern. Although the major trend still uptrend, but the price move near the support line with the RSI 40%. After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus,...