Hi everyone! At first sight technical picture on gold looks as growth continuation. So, for example, the threefold bottom was delivered earlier (on the week chart). However, I hold the opinion that in the near future gold is waited by one more wave of decrease with the minimum purpose in 1640. I specified it in the ideas year in the beginning. As the purpose for decrease was not completely executed, it should be reached. Now the price is closed in the big extending triangle which top line coincides with strong resistance at the level of about 1825 now. Perhaps the movement will begin with this level. So far in the market a complete calm.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
