Gold analysis New update
New update on Gold 11/04/2019
As i have expected inn my previous analysis that gold going to reach zone 1312 and it have reach that zone
Now i expecting falling to 1279 -1251
As i said in my previous analysis below the biais remain bullish as exacly as i expected the gold moved higher today and habe break the daily pivot on 1290.24
but if you decide to enter the market after if the candle of 4h close above pivot point
My expectation now is the blish movement will continue to zone 1312-1315 then go back down 1251
Please Note analysis here are just a quick view on the amrket and not recommendation to sell and buy if you need signals join our new free telegram channel here
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The image is very clear for gold
After we have see the ascending channel we have see a normal fall
last week we have reach the last low wich make support is 1286
the resistance is at 1321
what to expect now ?
The support is 1286 and you know the logic already buy on a support and sell on a resistance.
the biais still bullish as long as the 1286 make support and if this support is broken the following targets on the chart below will be seen one by one after the break of each level.