Hello friends.
Hope yore well.
Lets take a quick look at Gold :
1.we approch a mid-term valid trendline and it can be considered as a pullback to this line.
2.as you can see price bounce from this trendline with a strong engulf candlestick.
3.a short-term trendline breaks too and we saw a pullback to it as well
4.Also we can see a Bullish Divergence in oversold area
5.2030 Support level have seen with overlap with this signs
so gold will rise to the upper band of the longterm Trading range which is about 2060.
Hope this is useful for you.
Have great times.
thanks for reading
Hope yore well.
Lets take a quick look at Gold :
1.we approch a mid-term valid trendline and it can be considered as a pullback to this line.
2.as you can see price bounce from this trendline with a strong engulf candlestick.
3.a short-term trendline breaks too and we saw a pullback to it as well
4.Also we can see a Bullish Divergence in oversold area
5.2030 Support level have seen with overlap with this signs
so gold will rise to the upper band of the longterm Trading range which is about 2060.
Hope this is useful for you.
Have great times.
thanks for reading