Here in this analysis the GOLD is still in its bullish pressure so as believing it will hit the resistance from where a pull back will occur. As technically we can see that there is still one more BULLISH move before a retracement as long as it takes to hit the resistance. Technically1, $1782 should be next extension, with Support cluster on $1752 - $1746 - if tested, Gold might potentially stay bullish for a few sessions in a symmetrical manner. If $1765.80 gets broken thats seems broken as well , $1775 then $1783 should be eminent first extension.
As long as Support cluster holds, there are Higher probabilities to reach the Hourly 4 chart's Lower High's Upper zone which is right now priced below $1783 on Spot prices but touch may be done even Lower depending on the aggression of the variance). on the Hourly 4H aswell on H1 charts, the pattern is an solid Ascending Channel which lately almost every time touched Lower High's trendline and has a limit just over $1783, my main point of interests (depending on the aggression of the wave started late last Trading session)
Things that will make GOLD fly or fall is mostly on the US economic News/events & mostly the Impulsive moves were being started in the New York session. Detalied commentary will posted on Monday before the N.Y sessions because a new Monthly Candle will be started on monday,
I HOPE THIS IDEA HAVE GIVEN YOU A BETTER PREDICTION FOR THE NEXT MOVES.
As long as Support cluster holds, there are Higher probabilities to reach the Hourly 4 chart's Lower High's Upper zone which is right now priced below $1783 on Spot prices but touch may be done even Lower depending on the aggression of the variance). on the Hourly 4H aswell on H1 charts, the pattern is an solid Ascending Channel which lately almost every time touched Lower High's trendline and has a limit just over $1783, my main point of interests (depending on the aggression of the wave started late last Trading session)
Things that will make GOLD fly or fall is mostly on the US economic News/events & mostly the Impulsive moves were being started in the New York session. Detalied commentary will posted on Monday before the N.Y sessions because a new Monthly Candle will be started on monday,
I HOPE THIS IDEA HAVE GIVEN YOU A BETTER PREDICTION FOR THE NEXT MOVES.
