ATH retested. Break and fly or gold crash?
Mentionend in my previous analysis that ATH will get retested. Gold hit the target!
from 2090 up tp 2150 gold didn't proper pullback into support/supply zones. So many zones are fresh an untested. We bought the gold market all the way up. Atm ATH resistance keeps respecting. We can expect a cooldown for gold. Priceaction can confirm this. Divergengy also shown. Bearish targets are 2133 and 2105. Longterm maybe 2090, but it won't be an easy road back.
If price manage to break above 2012 with confimations then the game changes and bulls will take over the market to create a new ATH. Targets posible 2180 and 2200.
Resistance: ATH 2150
Support: 2125, 2120, 2100, 2090
from 2090 up tp 2150 gold didn't proper pullback into support/supply zones. So many zones are fresh an untested. We bought the gold market all the way up. Atm ATH resistance keeps respecting. We can expect a cooldown for gold. Priceaction can confirm this. Divergengy also shown. Bearish targets are 2133 and 2105. Longterm maybe 2090, but it won't be an easy road back.
If price manage to break above 2012 with confimations then the game changes and bulls will take over the market to create a new ATH. Targets posible 2180 and 2200.
Resistance: ATH 2150
Support: 2125, 2120, 2100, 2090
Yorum:
Mistake in my previous comment "if price manage to break above 2152" not 2012