Gold -> Dump Is Over, Now Pump
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The dump on Gold which we had during the last week was actually quite expected.
From a weekly timeframe we were testing very strong previous support, now turned resistance, and from a daily perspective we were a little overextended towards the upside.
From a daily timeframe we are now retesting very strong previous resistance which is turned support, so I simply do expect a continuation towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis.
The dump on Gold which we had during the last week was actually quite expected.
From a weekly timeframe we were testing very strong previous support, now turned resistance, and from a daily perspective we were a little overextended towards the upside.
From a daily timeframe we are now retesting very strong previous resistance which is turned support, so I simply do expect a continuation towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
