following with the gold, we have observed a breakout form a zone that has been acting as a good resistance and by so doing we also see the price returning to test the previously broken structure , "breakout and retest" so we expecting in this week some raging bullish momentum to targets of 1750 or 1793 price range. from the chart we observing a loss of momentum in sellers and some reversal candlestick formations clearly showing rejection to further push down. however given that the market makes moves to the downside that will also be a good move for it will increase our profit table.
a possible retracement can be seen towards levels of 1630 and 1640 level.
I am looking for buys and selling is not an option unless we are to take counter trend trades to some they could be profitable so for my side to engage in a sell the price should break the zone and retest as well with clear reversal patterns before engagement
a possible retracement can be seen towards levels of 1630 and 1640 level.
I am looking for buys and selling is not an option unless we are to take counter trend trades to some they could be profitable so for my side to engage in a sell the price should break the zone and retest as well with clear reversal patterns before engagement