Phase A and B are done. Phase C could be finished already or we can see other tests of supply near resistance lines of Range.
Phase D will confirm when price respects the mid range and tests support lines of Trading Range, we should see weak or no demand at support area which could result in breakout (Phase E).
If you are asking, what if Gold breaks above the range?
The answer is, we will see 1800 and 1850. But I'm not expecting much higher currently...
Phase D will confirm when price respects the mid range and tests support lines of Trading Range, we should see weak or no demand at support area which could result in breakout (Phase E).
If you are asking, what if Gold breaks above the range?
The answer is, we will see 1800 and 1850. But I'm not expecting much higher currently...
