Gold break the resistance? add to watch list

Gold reach the ~ 1350, which is the major resistance in the latest years. I'm watching closely for the potential beak, and take in to consider the macro economy, lower interest ratio is the trend for latest future.

Let's see if break & hold above 1350 can be realize or not. take action accordingly.

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A higher low ~ 1330 seems formed, hope it can be hold, and then upside movement channel is expected, final try to break the previous high.

second scenario is bounce ~ 1320, possible to form the H&S pattern, let's see which one will happen.

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move just as our expected, next is try to break up ~1360 again, let's see if succeed. if it done, will be a exciting moment!

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A uptrend triangle is possible to form, we may see the final battle ~ 1360 soon.

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good move, hope it can hold ~ 1360

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Great move! As long as hold above ~ 1360, the break out is high possibility to happen, and we have the second support line in below.

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Gold bull continue, long on the way.

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Very good setup for longs, what's our target? the first target should be H&S target ~ 1700, depends on the policy in the 2nd half of 2019, my second target is ~ 2000.

Only message we should take into consideration for our long desicion is the macro economy stratege from USA.

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As long as hold above 1404, we may see the correction end soon.

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Can 1400 support hold?

評論:

good to see bounch from 1400

交易進行:

Find support in the uptrend channel, next, keep an eye closely to the resistance line ~ 1440.

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Still on our path:

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Third time test the resistance ~ 1440? I think it's time to breakout!

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consolidation in triangle, direction choose is near.

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direction has been chosen.