Hi Traders,
Let's look back to what this precious metal did last week.
Monday
It started out at the 1930. Sideways till NY Session open before making a break down to the 1923 area.
Tuesday
It made an attempt to rally but failed to make a clean break above. It went down instead breaking the 1915 area right before the US session.
Wednesday
Price continued sideways for almost the whole day. Retest the 1915 but failed to break and continue to maintain below that SBR (Support Become Resistance) Level.
Thursday
Continues the bearish movement from Asian Session breaking the 1903 level making a new low in the Higher Time Frames. A reversal happen during the US Session. A bullish engulfing Candle started a rally upwards.
Friday
Price continues to rally upwards. Breaking previous Resistance levels 1915 and 1923 before returning to 1930 the area where it first started.
The week ends with Gold respecting 1930 and returning back down to 1923 area.
Thank you for checking this chart out. Like and follow if you like my chart.
Catch you again next week.
Let's look back to what this precious metal did last week.
Monday
It started out at the 1930. Sideways till NY Session open before making a break down to the 1923 area.
Tuesday
It made an attempt to rally but failed to make a clean break above. It went down instead breaking the 1915 area right before the US session.
Wednesday
Price continued sideways for almost the whole day. Retest the 1915 but failed to break and continue to maintain below that SBR (Support Become Resistance) Level.
Thursday
Continues the bearish movement from Asian Session breaking the 1903 level making a new low in the Higher Time Frames. A reversal happen during the US Session. A bullish engulfing Candle started a rally upwards.
Friday
Price continues to rally upwards. Breaking previous Resistance levels 1915 and 1923 before returning to 1930 the area where it first started.
The week ends with Gold respecting 1930 and returning back down to 1923 area.
Thank you for checking this chart out. Like and follow if you like my chart.
Catch you again next week.