Gold

Price has broke out the long term trendline T1. Golden crossover of 50 and 200 SMA is formed. These are the strong bullish signs. But price is stuck below resistance level approx. 49080 to 49735. When price will break the resistance zone, after a confirmation we can go long above the level of 50000.
Hi there, I am publishing my technical analysis ideas for educational purpose. All the analysis that I share are basic and simple to understand specially for new traders.
Chart PatternsCommoditiesGoldMCXMoving AveragespriceactionanalysisSupport and Resistance

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