Possibility of the red arrow if resistance is broken and retested.
However expecting a pull back to the Black arrows before a Bull momentum to continue if continues. Personally I still think its a little soon for Gold to reach the 1800 zone.
Either way expecting a Pull Back to atleast 1730 zone if not the early mid 1720's even if resistance is broken.
Also if the trendline in chart is tested may be a good opportunity to go long to 1765-80 however if broken we can continue to my previous analysis of a bearish Gold.
Currently the resistance still stands so my previous charts of a Bearish Gold still are valid however lets see the outcome this coming week.
Personally im still short on Gold until a confirmation of a breakout occurs and a pull back retest.
Do input your thoughts. Thanks.
However expecting a pull back to the Black arrows before a Bull momentum to continue if continues. Personally I still think its a little soon for Gold to reach the 1800 zone.
Either way expecting a Pull Back to atleast 1730 zone if not the early mid 1720's even if resistance is broken.
Also if the trendline in chart is tested may be a good opportunity to go long to 1765-80 however if broken we can continue to my previous analysis of a bearish Gold.
Currently the resistance still stands so my previous charts of a Bearish Gold still are valid however lets see the outcome this coming week.
Personally im still short on Gold until a confirmation of a breakout occurs and a pull back retest.
Do input your thoughts. Thanks.