Hi Friends,
Here in GOLD we've both the possibilities but for now we're focusing on a bullish move to complete its pattern or it'll be impulsively bullish. So, If we focus on the Chart then its a pullback due to support line as a role reversal model which is the old Resistance now become support trend line. Also we can see that it hit the support & slightly pullback which means the bearish traders are getting off from that area to let bullish traders take control over GOLD. So if we take this bullish trade we're aiming the 1980s area as hitting.
In Case of support breakage which is completely real Then surely it'll hit the area of 1813.
I HOPE YOU'VE GOTTEN SOME KNOWLEDGE ABOUT TRADING GOLD. Thanks.
Here in GOLD we've both the possibilities but for now we're focusing on a bullish move to complete its pattern or it'll be impulsively bullish. So, If we focus on the Chart then its a pullback due to support line as a role reversal model which is the old Resistance now become support trend line. Also we can see that it hit the support & slightly pullback which means the bearish traders are getting off from that area to let bullish traders take control over GOLD. So if we take this bullish trade we're aiming the 1980s area as hitting.
In Case of support breakage which is completely real Then surely it'll hit the area of 1813.
I HOPE YOU'VE GOTTEN SOME KNOWLEDGE ABOUT TRADING GOLD. Thanks.