Analysis for beginners: Gold – in the direction of the trend line

Gulpriset fall sharply, which is likely to lead to stronger price trend – at least to a well-respected line connecting the three bottoms. We can expect negative effects.

Also if you look at the higher ranges so there is a clear trend in the last few days. We should look for a significant motståndszon in a lower time scale than dagsgraf. Take a closer look at H1: here we get a clear descending trend and corrective movements. The nearest resistance is located between 1250 and 1251.

Leave a Reply