GOLD is holding the bullish momentum very strong.
The price reacted very well close to the resistance are at 1828
Actually, the price is moving inside a bullish flag.
The first target should be 1828 again.
The next target should be near the top of the pattern at 1845-1850
Any move down of the price below 1812 would open the door for more downside up to 1790 ( so keep this scenario in your watch list as well.
Thank you and Good Luck!
The price reacted very well close to the resistance are at 1828
Actually, the price is moving inside a bullish flag.
The first target should be 1828 again.
The next target should be near the top of the pattern at 1845-1850
Any move down of the price below 1812 would open the door for more downside up to 1790 ( so keep this scenario in your watch list as well.
Thank you and Good Luck!
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Previous analysis:
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GOLD: A perfect price reversal at the pattern completion
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