struggling with 1200.. Are we going to see a Garley in 1150?
As gold still struggles with the 1200 resistance zone, it recently broke down below its latest daily uptrend line, which is not a good sign for the gold bulls.
As long as gold is inside the 1180-1200 zone, it can still try to accumulate strength for the breakout, but if the gold will dive below the 1180, we may see a buying zone near 1155 as it will complete a bullish Gartley pattern.
Does the gold need another push down before creating the actual breakout? We will get our answer in 2015.
As long as gold is inside the 1180-1200 zone, it can still try to accumulate strength for the breakout, but if the gold will dive below the 1180, we may see a buying zone near 1155 as it will complete a bullish Gartley pattern.
Does the gold need another push down before creating the actual breakout? We will get our answer in 2015.