Gold possible retrace to 3165-3180 before it will bullish and make a new higher high.
Based on my analysis, gold probably will goes down to the red zone
After it break the sideway zone the price goes up to nearest snr and continue sell
Based on analysis gold gonna go upward because of the flag pattern, trendline and snd area at 1942 area then it will go downward at 1960
Gold have already done triangle pattern and it gonna go down
Which one will it break? Up or down? My prediction it will break downside until 11500
Gold already do a retracement until 1946 then it bounce back
Gold is moving upward to redzone because it already test a few time to break the greenzone and fail. If gold moving upwards and break the redzone gold will be on buying pressure.
For now i think gold is making triangle pattern and suitable for sell before buy
