Gold is Currently Forming a Bullish Flag which is a strong Continuation pattern,since we still in a Bullish Market.
Gold is busy retracing back up to the trendline to give us 3rd touch on the Down trendline around the 1800 area, which is a key/psychological level
After that we can expect Gold to Dip low till 1700 to give us a 3rd touch to complete the Bullish Flag
Gold is making Lower Lows and Lower highs,which signals we still in a Short term Bearish Market
The Area where we expect the 3rd Touch is also a strong Demand and Support Area. And It aligns with the Fibonacci 61.8 Price Reversal Zone
Gold is busy retracing back up to the trendline to give us 3rd touch on the Down trendline around the 1800 area, which is a key/psychological level
After that we can expect Gold to Dip low till 1700 to give us a 3rd touch to complete the Bullish Flag
Gold is making Lower Lows and Lower highs,which signals we still in a Short term Bearish Market
The Area where we expect the 3rd Touch is also a strong Demand and Support Area. And It aligns with the Fibonacci 61.8 Price Reversal Zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.