short term strategy for gold
price at the moment is moving between 2 key support and resistant levels.
I expect price can move in the ranged zone for awhile. so below local trend line
will keep dropping however may test around 1960$ before another step down.
in longer timeframe charts I don't see any strong bearish trend yet. so
as long as the key support level 1903$ hold the price I consider it as correction wave.
above the resistant level 1960$ is also tend for more upward pressure. let's see
Enjoy the market
I expect price can move in the ranged zone for awhile. so below local trend line
will keep dropping however may test around 1960$ before another step down.
in longer timeframe charts I don't see any strong bearish trend yet. so
as long as the key support level 1903$ hold the price I consider it as correction wave.
above the resistant level 1960$ is also tend for more upward pressure. let's see
Enjoy the market
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