Gold possible movement for next week
Atualizado
After my previous post. Gold has successfully make a H&S pattern and then make a bearish movement.
The target for H&S bearish pattern has been reached and i thought with the current situation in the US it will continue its bearish to test the strong support channel in 1848.
But it's instead bounce back and even almost reach the upside part of parallel channel.
In my opinion it will reach the channel and then once again start it's bearish movement next week.
or
In case it continue to break the channel and reach the neckline of previous H&S pattern it can retest the 1913 resistance.
The target for H&S bearish pattern has been reached and i thought with the current situation in the US it will continue its bearish to test the strong support channel in 1848.
But it's instead bounce back and even almost reach the upside part of parallel channel.
In my opinion it will reach the channel and then once again start it's bearish movement next week.
or
In case it continue to break the channel and reach the neckline of previous H&S pattern it can retest the 1913 resistance.
Nota
We are on track and currently on the key point. Let see if it will go up or down.Thank you for everyone that likes my idea and please comment here if you don't mind.
Trade fechado: objetivo atingido
Aviso legal
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