Gold Intraweek Technical Analysis:
after staying consolidated between 1630 to 1650 the gold finally broke out from 1650 and 1670 resistance levels and made a weekly closure at 1680. The gold is expected to continue the momentum in coming week .a retracement to 50% and 61.8% fib levels is expected ,the 50% fib levels lies at 1652 whilw 61.8% lies at 1644. My idea for coming week is to wait for retracement to any swing levels, ideal swing level will be 1644 and 1655. On upside we can expect the level of 1700 and 1730 on continuation of uptrend.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
after staying consolidated between 1630 to 1650 the gold finally broke out from 1650 and 1670 resistance levels and made a weekly closure at 1680. The gold is expected to continue the momentum in coming week .a retracement to 50% and 61.8% fib levels is expected ,the 50% fib levels lies at 1652 whilw 61.8% lies at 1644. My idea for coming week is to wait for retracement to any swing levels, ideal swing level will be 1644 and 1655. On upside we can expect the level of 1700 and 1730 on continuation of uptrend.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.