As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will look to target the next key level.
If we cant break it and we continue to reject the support level, we want to see this decending triangle broken and retested before looking to go long and target them previous highs.
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Good luck, stay blue,
Ash.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will look to target the next key level.
If we cant break it and we continue to reject the support level, we want to see this decending triangle broken and retested before looking to go long and target them previous highs.
Please like and comment your thoughts,
Consider following our page for more useful content,
CHECK OUT THE BOTTOM OF THIS PAGE.
Good luck, stay blue,
Ash.
