As gold break both support and trend line shown in the chart, I am looking it to go south further until meet the next support line, which is 1446 level, if it did not go up and close at 1520 above tonight. Furthermore, Macd is crossing, signaling bearish coming in.
here's the 3 scenarios will happen if:
1. Gold got strong support and push towards to 1520 and close above. Bullish will continue from there and will head to 1590 level.
2. Gold unable to survive and close below 1492, further falling will continue to 1446.
3. Gold did not close above or below the level i mentioned, stuck in between, then it is just a pullback, will continue to follow the main direction.
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here's the 3 scenarios will happen if:
1. Gold got strong support and push towards to 1520 and close above. Bullish will continue from there and will head to 1590 level.
2. Gold unable to survive and close below 1492, further falling will continue to 1446.
3. Gold did not close above or below the level i mentioned, stuck in between, then it is just a pullback, will continue to follow the main direction.
Welcome to subscribe our free telegram channel, search JinSon Forex Perfect Pips.
More daily free signal calls will be sent there.
t.me/JinSonFPP