gold will move to the next up-level !!! --- can reach 3000 $ ?!
In the last prev analysis, I told you that I'm not interested in trading gold because the price in a sensitive area aligns with the downtrend.
so I was afraid of rejection and lose the trade when I buy or break out of the downtrend when I sell.
so I told you that I'm waiting for price action in the smaller time frame for confirmation.
so, today I see the price break out the downtrend in the daily chart and 4hr chart I see the price backtest and start to going up.
so this is clear we will buy gold.
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the cup and handle pattern
in the monthly chart I found the cup and handle pattern and the handle "the down channel in the daily chart" is broken.
so there is I probability that the price will move to reach 3000 $ !!
this is an expectation for long-term long trades.
so I was afraid of rejection and lose the trade when I buy or break out of the downtrend when I sell.
so I told you that I'm waiting for price action in the smaller time frame for confirmation.
so, today I see the price break out the downtrend in the daily chart and 4hr chart I see the price backtest and start to going up.
so this is clear we will buy gold.
__________________________
the cup and handle pattern
in the monthly chart I found the cup and handle pattern and the handle "the down channel in the daily chart" is broken.
so there is I probability that the price will move to reach 3000 $ !!
this is an expectation for long-term long trades.
