Hi traders,
Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area..
This week this pair expected to break the wedge and expected to touch 1747 and go upto retrace 1760 area
if it is going the other way up,, it has to break strong resistance ..but i hope there is lesser chance to happen.
Thank you all.
Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area..
This week this pair expected to break the wedge and expected to touch 1747 and go upto retrace 1760 area
if it is going the other way up,, it has to break strong resistance ..but i hope there is lesser chance to happen.
Thank you all.
Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also