GOLD produced a double bottom.. What does that tell us?
Now we're seeing a double bottom from GOLD at the level of 1680-ish.
If we look at the support lines, this could be a strong level that would push the prices up higher.
However, if the price breaks this in the next couple of weeks - this would mean another huge drop in GOLD prices.
The more easier way for GOLD right now is to hit its ceiling of resistance near the 1800 mark. Who knows, only time will tell.
Trade safe folks!
If we look at the support lines, this could be a strong level that would push the prices up higher.
However, if the price breaks this in the next couple of weeks - this would mean another huge drop in GOLD prices.
The more easier way for GOLD right now is to hit its ceiling of resistance near the 1800 mark. Who knows, only time will tell.
Trade safe folks!