GOLD CAUGHT BY BEARS OR JUST A DIVERSION...?
Price respected 1875$ zone and retraced
back towards mentioned targets.
(Check previous analysis).
F.A review:
We're gonna hit by T.A and F.A both in coming
month. It's possible that gold might take a dip
but rising cases in COVID-19 should be kept in
mind as well.
T.A review:
Symmetric Channel Broken
Another minor Weekly rejection.
M.As are still encouraging BEARS but
Weekly M.A needs to be broken for
proper BEAR RUN.
Price is looking for retracement till
1840-1850.
We can expect a major fall if and only if
Price respects 1840-1850 zone and holds
below that till end of coming week.
We can have target 1700-1750 atleast then
ELSE
It could just be an another FALSE BREAKOUT.
Wait till next friday for further confirmation.
back towards mentioned targets.
(Check previous analysis).
F.A review:
We're gonna hit by T.A and F.A both in coming
month. It's possible that gold might take a dip
but rising cases in COVID-19 should be kept in
mind as well.
T.A review:
Symmetric Channel Broken
Another minor Weekly rejection.
M.As are still encouraging BEARS but
Weekly M.A needs to be broken for
proper BEAR RUN.
Price is looking for retracement till
1840-1850.
We can expect a major fall if and only if
Price respects 1840-1850 zone and holds
below that till end of coming week.
We can have target 1700-1750 atleast then
ELSE
It could just be an another FALSE BREAKOUT.
Wait till next friday for further confirmation.
