Until when Gold price trapped between support and resistance will continue

Gold Chart Technical Analysis

For a long time, I did not write a review on gold

The truth is that there was not much to register, but now it seems that we intend to start volatility in the property

Gold has tended to trade on a fairly narrow trend recently, having suffered declines from the last peak area in August last year

It can be seen that there are buds of support in the area of ​​the last lowlands in the area of ​​1670

Opposition in the area 1764

I went to check out some probability scenarios to predict continued movement in gold

There's something that caught my eye - and that's what happened in 2012

Technically and the set up of the straps (cuts and movement) it looks really similar

If indeed the continuation will be the same then expect to see in the property again the 1880 area and if this area will then break through the 1960 area

It will not be easy and it seems likely that we will see the lowlands of 1703 again

But by and large, the picture is starting to show us that there is probably an upward movement of prices here

Gold Chart Technical Analysis

Bullish Scenario

move over $1776 will indicate the presence of buyers, this will indicate that gold moves get the potential trigger point for an acceleration into 1823$ 1880$ 1960$ levels

Bearish Scenario

 move under $1726 could create the downside momentum needed to challenge $1703, followed closely by $1703 could trigger an acceleration to the downside with the next target the main bottom at $1670 and even more 

The important levels for looking at and examining the property are in a number of areas

In my opinion, they should be followed

1677 1703 1726 1776 1823 1880 1960

You'll probably see more choppy moves in gold until this move will go out 

Gold Analysis

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