Gold uptrend
GOLD
The price perfectly fulfills my last idea and it tested resistance zone. The price is approaching the strong support level at 1950 - 1955. The price already bounced off the level on the 1H timeframe. On the 4H the market formed a triangle pattern . The price is squeezed between support and resistance. In my opinion gold might go up to test the resistance because triangle patterns usually break toward the main trend. I think gold will range some time and go up. My target is next resistance zone 1980.
The price perfectly fulfills my last idea and it tested resistance zone. The price is approaching the strong support level at 1950 - 1955. The price already bounced off the level on the 1H timeframe. On the 4H the market formed a triangle pattern . The price is squeezed between support and resistance. In my opinion gold might go up to test the resistance because triangle patterns usually break toward the main trend. I think gold will range some time and go up. My target is next resistance zone 1980.
Feragatname
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