The SMA 200 could not be beaten! A downflag apears instead. The Target of this pattern can be 1040$ - the Trigger is 1100$. Prices below that Level will generate the TP @ 1.040
Former analysis:
GOLD at Trading Mark
Will XAU break it s resistance ?
The resistance Zone is characterized through the sma200 and the old supporting trendline which turned into resistance.
If xau can trade above this Level @ 1175 the next tp can be 1210$.
If the resistance could not beaten, a new downswing can be exspected. The tp of this downswing could be 1125
Former analysis:
GOLD at Trading Mark
The resistance Zone is characterized through the sma200 and the old supporting trendline which turned into resistance.
If xau can trade above this Level @ 1175 the next tp can be 1210$.
If the resistance could not beaten, a new downswing can be exspected. The tp of this downswing could be 1125
