The gold price still moves according to our predictions and perbalikan direction is likely to occur. Today, over the still under ranges of 1605-1610, we noticed the trend of price reductions can happen anytime. If
traded back to the bottom of 1589, then it will open up opportunities
to penetrate the 1577, before continuing to 1560-1564 and 1532-1535.
However, if the later gold broke 1610, it will delay the attenuation and trigger new targets in 1622-1625. We prefer to look forward to at least one experiment to 1560, and then progressed to 1532-1535 before prices turned bullish. Salam Success!
Author: EW Benny – Technical Analyst based in Dublin, Ireland
Posted in: Gold: Test Range Under