Gold has reached the peak of its major demand zone, therefore its bouncing back to the major supply zone, from this point we will be looking for bullish trades
A cup pattern represents a short consolidation impulsive movement. When the consolidation period is over the break out will occur.
Gold has finally reached its bullish peak, and now its testing the last swing point, a new retracement movement is about to occur , its the right time to sell!!
Gold will be more faster at 15:00 after testing the resistance at 1907.45, i would suggest everyone to start trading when it reaches 2.01%(stocks in play)
The bears flexed their muscles against the bulls, so there is a retracement move until the resistance level and the break out can occur anytime soon near the supply and demand
Gold will test its resistance at 1945, then pivot into impulsive move until 21nth of October.