Hey, traders. Thank you for the comment and boost.
Today's chart is Gold. Let's check it quickly.
We can see
1. the ascending channel.
2. middle line of the ascending channel is on 1880.
3. top line of the ascending channel is on 2050.
We should check
Wednesday - BoJ Press Conference, UK CPI , EU CPI , US Core Retail Sales, US PPI, US Retail Sales
Thursday - ECB President Lagarde Speaks, ECB Publishes Account of Monetary Policy Meeting, US Building Permits, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Crude Oil Inventories
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. the short-term drop by resistance on 1930.
2. rebounding from the middle line of the ascending channel on 1880
As I mentioned last analysis, the price is showing short-term drop now.
It will rebound from the middle line of the ascending channel on 1880 and this will be our chance to have long position.
There can be the second drop from 1950 after rebounding so we may need to close our Long position at that time.
Let's see if we can have a chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
Today's chart is Gold. Let's check it quickly.
We can see
1. the ascending channel.
2. middle line of the ascending channel is on 1880.
3. top line of the ascending channel is on 2050.
We should check
Wednesday - BoJ Press Conference, UK CPI , EU CPI , US Core Retail Sales, US PPI, US Retail Sales
Thursday - ECB President Lagarde Speaks, ECB Publishes Account of Monetary Policy Meeting, US Building Permits, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Crude Oil Inventories
Friday - ECB President Lagarde Speaks, US Existing Home Sales
We can expect
1. the short-term drop by resistance on 1930.
2. rebounding from the middle line of the ascending channel on 1880
As I mentioned last analysis, the price is showing short-term drop now.
It will rebound from the middle line of the ascending channel on 1880 and this will be our chance to have long position.
There can be the second drop from 1950 after rebounding so we may need to close our Long position at that time.
Let's see if we can have a chance.
Thank you for reading and hope this insight was helpful.
Analyzed by Han.
