Good morning all, Gold is currently bouncing around the 1557, 1558 price mark. Hoping the analysis shown can predict a possible outbreak before a possible re-adjustment to the price once the breakout has began to slow down/finish. The Blue zones show the area of which a breakout would cross & the highlighted rectangle shows frequent consolidation around that...
The current price of Gold looks to be consilidating, shown on the grapgh i have added a potential TP & SL for a Short Trade. Please let me know what you think!. All Elements Published is my own Opinion & NOT investment advice. Comment & Share your ideas and views. -JB (UK)
I have marked areas prices have hit previously, I have used these as support & resistance lines & from this I have generated possible entries for either Buy or Sell. This think. could potentially be a Short. All Elements Published is NOT Investment Advice. Please let me know what you think.
Potential Entries & Exits for possible setup. The Elements Published are NOT Investment Advice but is My Personal Opinion . Please tell me what you think!.
Looks to consildate over the coming hours although it seems to still be continuing to drop after its previous high. Has the demand slowed down? or will the buyers take control and pull it back up.
Bearish Trend, Potential Entry Price & Take Profit Targets Set via Purple & Green Support & Resistance Lines.
Just a trend beginning to show the decrease of the gold price after its previous high.