GOLD In next Month to end OF feb
Friday's upward movement at the hourly time in the zigzag indicator created a large green line, which should normally form a downward movement.
The highest price was 1720, from there it moved to 1616, and in the return of 1680, there is a very strong resistance, which should start from that price, and it should probably move back to 1600.
In the forecast of the monthly trend, which has been in a downtrend for the whole 9 months, it is possible that the upward trend of gold will start this month, so at the end of the month, there is a possibility that the monthly candle will close in an upward trend.
Considering that next month is the last month of the year and the month after that is January and we have the Chinese New Year in February, there is a possibility that the price will move towards 1850.
If it crosses the price of 1850, the trend of gold will rise and move towards the price above 2100
The highest price was 1720, from there it moved to 1616, and in the return of 1680, there is a very strong resistance, which should start from that price, and it should probably move back to 1600.
In the forecast of the monthly trend, which has been in a downtrend for the whole 9 months, it is possible that the upward trend of gold will start this month, so at the end of the month, there is a possibility that the monthly candle will close in an upward trend.
Considering that next month is the last month of the year and the month after that is January and we have the Chinese New Year in February, there is a possibility that the price will move towards 1850.
If it crosses the price of 1850, the trend of gold will rise and move towards the price above 2100
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