This trend line has been a pressure on gold
If gold can break this trend line and latest high (83) then gold will breaks the down trend structure and revert to up trend as price action shown
The key point now is to keep an eye on this level, wait for price to touch the pressure trend line
I expect there will be a hard reaction as price will fall down to re-test the low 50. I will wait for a long term buy then
If gold can break this trend line and latest high (83) then gold will breaks the down trend structure and revert to up trend as price action shown
The key point now is to keep an eye on this level, wait for price to touch the pressure trend line
I expect there will be a hard reaction as price will fall down to re-test the low 50. I will wait for a long term buy then