gold bullish trend started in December 2015 is rising with blue trend line.
will gold make new all time after third retest of weekly trend line or it just short term correction to down trend.
intraday double bottom is made by gold at 38% retracement of entire trend. it can continue its downtrend or after correction it could retest 50% .
continuation of bullish trend will confirmed after breakout of yellow trend line.
support 1560 and 1445
resistance 1960
(buy at trend line and 38% retracement wait till end of the quarter )
will gold make new all time after third retest of weekly trend line or it just short term correction to down trend.
intraday double bottom is made by gold at 38% retracement of entire trend. it can continue its downtrend or after correction it could retest 50% .
continuation of bullish trend will confirmed after breakout of yellow trend line.
support 1560 and 1445
resistance 1960
(buy at trend line and 38% retracement wait till end of the quarter )
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