Hello my friends!!! Let’s get right to it.
If you look at the chart you can see that gold has created a W bottom formation, which is bullish to see.
You can also see that gold broke out of the resistance line (pink) and flew up. This also confirmed the W bottom pattern.
Gold can go up to 1355 dollars now where the next resistance line lies. If gold breaks that line too, it will go up to about 1360 dollars.
If Gold can't manage to reach the 1355 dollars, It will fall back to 1345 dollars.
Smash up the likes!
Greetings, Krypton
If you look at the chart you can see that gold has created a W bottom formation, which is bullish to see.
You can also see that gold broke out of the resistance line (pink) and flew up. This also confirmed the W bottom pattern.
Gold can go up to 1355 dollars now where the next resistance line lies. If gold breaks that line too, it will go up to about 1360 dollars.
If Gold can't manage to reach the 1355 dollars, It will fall back to 1345 dollars.
Smash up the likes!
Greetings, Krypton