WHAT TO EXPECT ON GOLD.
As we're a few days left to a new year, it is not a good idea trading at these days as a lot can happen , including low volatility in the market ... but i'll just quickly share my analyses with you guys.
Throughout last week and the beginning of this week price has been creating a rising wedge towards Strong resistance zone 1810-1815 ,which is now complete and i have 2 more ideas on what to expect from now onwards ...
price can either create a correction retracing the impulsive move then push towards local support zone 1785-86 , then bounce from it continuing the bullish movement .
OR
price can push lower towards local support and break down bellow towards strong support zone 1759-1763...
which one is gonna play out ? we don't know ,we just have to wait and see!
ENJOY THE REST OF THE HOLIDAYS !!!
Throughout last week and the beginning of this week price has been creating a rising wedge towards Strong resistance zone 1810-1815 ,which is now complete and i have 2 more ideas on what to expect from now onwards ...
price can either create a correction retracing the impulsive move then push towards local support zone 1785-86 , then bounce from it continuing the bullish movement .
OR
price can push lower towards local support and break down bellow towards strong support zone 1759-1763...
which one is gonna play out ? we don't know ,we just have to wait and see!
ENJOY THE REST OF THE HOLIDAYS !!!
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