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Gold bullish move ahead
After a big fall. We expect gold to move towards the level 2050/2070. As we see, gold came to the 1980/90 insufficiency before it can freely move to grab the liquidity left towards 2100+.
Ts_Fx1
Gold to reach 2016 before retracing back up.
Dollar index is bullish, which means gold to go down. We can expect level 2017 before gold goes up again. However, level 2030 is a strong support level. We look for opportunities between 2045/2016
Ts_Fx1
Gold possible move
Gold had an ascending channel move with three touches h.h. if it breaks the bottom trend. We can expect a move towards 1917.
Ts_Fx1
Gold possible move.
As forecasted, gold went from 1810 to 1915, completing the channel. We have 3 touches at the bottom of the channel. A break above 1940 would mean a ChOch. For now we still anticipating a fr3e fall sinc3 gold is in a bearish trend. Looking for sell entries would be more reasonable until bullish is confirmed. Check dolar index directions also.
Ts_Fx1
Gold possible move
From a 4hr time frame. We can see that gold has been forming weak lows and strong highs. Market direction being bearish and a possible consolidation before it shoots for 1700s.
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