GOLD Towards 1775$ and After correction head to 1805$(Year 2011)
Gold, the main key levels on weekly base Resistance 1740.71, Broken and next Resistance 1774$ and furthermore 1805 All-time high.
we are following the development of the local ascending structure of March 31. The continuation of the movement to the top is expected after the breakdown of the level of 1720.88. In this case, the target is 1742.46. Price consolidation is in the range of 1700.46 - 1750.84. For the potential value for the top, we consider the level 1756.71. The movement to which is expected to go high of the level of 1773.84.
The short-term downward movement is possible in the range of 1652.11 - 1638.66. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1620.04. This level is key support for the entire upward trend.
🛑SUPPORT/RESISTANCE
✅S1= 1700$
✅S2=1660$
✴️R1=1750$
✴️R2=1805$
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we are following the development of the local ascending structure of March 31. The continuation of the movement to the top is expected after the breakdown of the level of 1720.88. In this case, the target is 1742.46. Price consolidation is in the range of 1700.46 - 1750.84. For the potential value for the top, we consider the level 1756.71. The movement to which is expected to go high of the level of 1773.84.
The short-term downward movement is possible in the range of 1652.11 - 1638.66. The breakdown of the latter value will lead to an in-depth correction. Here, the target is 1620.04. This level is key support for the entire upward trend.
🛑SUPPORT/RESISTANCE
✅S1= 1700$
✅S2=1660$
✴️R1=1750$
✴️R2=1805$
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.