is gold prices finish the downtrend momentum

is gold prices finish the downtrend momentum

Will Gold conquer new heights?
Gold has rallied nearly 2 months since last lows at last December, continuing to benefit from the weakness in US dollar and safe-haven buying due to growing uncertainty about the direction of the stock markets.
In my opinion, as long as gold is above the level of 1204, the direction is up
we can see the triangle pattern in the charts ,from analyze the boundary  The pair is expected to find support at 1204, and a fall through could take it to the next support level of 1162 and even to 1145  1128 . The pair is expected to find its first resistance at 1262-8, and a rise through could take it to the next resistance level of 1287-1296


Meanwhile, the long-term trend remains bearish unless we see him cross up 1360 area, we could see that 1262 is very important area

xauusd

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice