GOLD new ATH or back to old range ?
Welcome to my gold analysis and for those who interested in GOLD
Weekly chart ( macro view ):
Price about to reach the strongest S/R area since mid 2020 , which mean this area is acting as very strong support now ( between 1920$-1870$)
In my opinion the reaction in this area will define the long run for for next weeks and months !
–If this area hold we will have high chance to form giant cup and handle pattern (extremely bullish!) and expect new ATH soon
–If this area failed to hold gold will back and consolidate in old range again
If you want to see more ideas and analysis press like and follow ..if any thoughts /questions write in comments section below
Weekly chart ( macro view ):
Price about to reach the strongest S/R area since mid 2020 , which mean this area is acting as very strong support now ( between 1920$-1870$)
In my opinion the reaction in this area will define the long run for for next weeks and months !
–If this area hold we will have high chance to form giant cup and handle pattern (extremely bullish!) and expect new ATH soon
–If this area failed to hold gold will back and consolidate in old range again
If you want to see more ideas and analysis press like and follow ..if any thoughts /questions write in comments section below
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