Gold Possible moves in Long Term
The coming weeks are very important for gold because if it continues to be the number one trend, it will form an inverted head and shoulders pattern, and if confirmed, it could rise to its previous high of $ 2,100. Also, if trend 1 occurs, in addition to the reverse head and shoulder pattern, it breaks a triangle. Gold also has a resistance below it, which, if completely broken, takes the number two trend and can cause a heavy drop to the yellow area number 1 and then in case of its failure, the area number two supports the head.
The analysis is just a series of probabilities. #DYOR
The analysis is just a series of probabilities. #DYOR
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