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Monday, July 12, 2021

GOLD IS READY FOR BREAKOUT

GOLD IS READY FOR BREAKOUT

GOLD (US$/OZ) TVC:GOLD

GOLD price is receiving support and resistance here and each time respected the pattern, analysts looking for 2-3 more lows and highs and after that looking for breakout and targets that are mentioned on the chart.
1822-1840 next bullish targets .
On 4 hours chart XAUSD is on the way of 1818 resistance.
Daily chart showing that there is big Head and SHoulders pattern here and ready for breakout and drawing the right shoulder soon.
Price is near to support so we are looking for some local rise like the previous times too and the major position that we are looking for is after the breakout (short or long).


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