Here we can see that my favourite pair to trade XAUSUD(gold) in the Daily chart is at (DAILY ZONE 2) & it stopped last Friday @ level 1779.38.
I can see clearly it might or might not reach & touch level 1790.82, baring in mind coming week RED flagged American Economic news which will go either ways.
If it does touch's it(1790.82) which is unlikely to do it's going to REVERSE & go strong impulse downtrend movement back to level 1721.39 or 1703.94 or even lower to level 1677.38 as it show me on 1WEEK CHART.
Let's just keep a close eye on GOLD world's number 1 precious yellow metal.
Happy pip hunting traders.
I can see clearly it might or might not reach & touch level 1790.82, baring in mind coming week RED flagged American Economic news which will go either ways.
If it does touch's it(1790.82) which is unlikely to do it's going to REVERSE & go strong impulse downtrend movement back to level 1721.39 or 1703.94 or even lower to level 1677.38 as it show me on 1WEEK CHART.
Let's just keep a close eye on GOLD world's number 1 precious yellow metal.
Happy pip hunting traders.
