GOLD Possible paths
Greeting from IRAN to whole trading community
Gold was moving through a descending channel since August 2020 and making lowers highs (LH) and lowers lows (LL)
Price has dropped to the bottom of the channel and made a double bottom pattern
After that it started a new uptrend that could breakout top of the channel and made a new high , higher than its previous lower highs which is a sign of trend shifting
If Gold could breakout 1900$ major level , higher levels will be available
But if this bullish movement lost price will come back to the descending channel and probably dropped under 1800$
Whats your idea about upcoming week , Gold remain Bullish or shift to the Bearish form?
KEEP IT SIMPLE :)
Gold was moving through a descending channel since August 2020 and making lowers highs (LH) and lowers lows (LL)
Price has dropped to the bottom of the channel and made a double bottom pattern
After that it started a new uptrend that could breakout top of the channel and made a new high , higher than its previous lower highs which is a sign of trend shifting
If Gold could breakout 1900$ major level , higher levels will be available
But if this bullish movement lost price will come back to the descending channel and probably dropped under 1800$
Whats your idea about upcoming week , Gold remain Bullish or shift to the Bearish form?
KEEP IT SIMPLE :)
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